secwatch.observer — SEC 8-K summary
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Issuer:     HELIX ENERGY SOLUTIONS GROUP INC (HLX)
CIK:        0000866829
Form:       8-K
Filed at:   2023-12-27T23:59:59+00:00
Accession:  0001140361-23-059614
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Helix repurchases $160M of 6.75% convertible notes due 2026 for cash and stock
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866829/000114036123059614/0001140361-23-059614-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866829/000114036123059614/ef20017515_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-059614

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