secwatch.observer — SEC 8-K summary
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Issuer:     HELIX ENERGY SOLUTIONS GROUP INC (HLX)
CIK:        0000866829
Form:       8-K
Filed at:   2023-12-06T23:59:59+00:00
Accession:  0001140361-23-056454
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Helix repurchases $141M of 6.75% convertible notes due 2026; pays cash and shares
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- Repurchased $141M aggregate principal of 6.75% Convertible Senior Notes due 2026; settlement expected by Dec 27, 2023.
- Paid $67M fixed cash plus 1.5M shares; additional variable cash ~$192M if stock at $9/share (Dec 5 close).
- After repurchase, ~$59M of notes remain outstanding.
- Terminated a portion of related capped call transactions with financial institutions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866829/000114036123056454/0001140361-23-056454-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866829/000114036123056454/ef20016054_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-056454

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer