debt
confidence high
sentiment positive
materiality 0.70
Helix repurchases $160M of 6.75% convertible notes due 2026 for cash and stock
HELIX ENERGY SOLUTIONS GROUP INC
- Repurchased and exchanged $160M aggregate principal of 2026 Notes for 1.5M shares and $218M cash (net of $16M from capped call unwind).
- After repurchases, only $40M aggregate principal of the 2026 Notes remain outstanding.
- Capped call transactions covering the repurchased notes were terminated in conjunction with the deal.