debt
confidence high
sentiment neutral
materiality 0.60
Helix extends ABL Facility maturity to August 2029, ups LC basket to $55M
HELIX ENERGY SOLUTIONS GROUP INC
- Maturity of ABL Facility extended from Sep 30, 2026 to Aug 2, 2029.
- Letter of credit sub-limit increased from $20M to $55M.
- Amendment entered on Aug 2, 2024; lenders and Bank of America N.A. as agent.
- Borrowers include Helix Well Ops, Helix Robotics, Deepwater Abandonment, and others.
- No changes to total borrowing base or key financial covenants disclosed.