Helix prices $300M 9.750% Senior Notes due 2029 to refinance 2026 convertibles

HELIX ENERGY SOLUTIONS GROUP INC

$300M aggregate principal, 9.750% coupon, matures March 1, 2029.
Net proceeds ~$290.1M after discount and estimated offering expenses.
Proceeds to extinguish outstanding 6.75% Convertible Senior Notes due 2026.
Closing expected on or about December 1, 2023, subject to customary conditions.
Interest payable semi-annually on March 1 and September 1, starting March 1, 2024.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

HELIX ENERGY SOLUTIONS GROUP INC entered into Purchase Agreement with Wells Fargo Securities, LLC, as representative of the several initial purchasers named therein valued at $300 million (effective 2023-11-16).

Action: entry
Agreement: notes offering
Counterparty: Wells Fargo Securities, LLC, as representative of the several initial purchasers named therein
Value: $300 million
Effective: 2023-11-16

Exact text from the filing

On November 16, 2023, Helix Energy Solutions Group, Inc. (the “Company”) and the subsidiaries of the Company that guarantee its senior secured credit facility entered into a purchase agreement (the “Purchase Agreement”) with Wells Fargo Securities, LLC, as representative of the several initial purchasers named therein (the “Purchasers”).

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HELIX ENERGY SOLUTIONS GROUP INC filing history →

Source: SEC EDGAR

accession 0001140361-23-053775

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