secwatch.observer — SEC 8-K summary
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Issuer:     HELIX ENERGY SOLUTIONS GROUP INC (HLX)
CIK:        0000866829
Form:       8-K
Filed at:   2026-04-23T23:59:59+00:00
Accession:  0001140361-26-016264
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Helix-Hornbeck all-stock merger: Hornbeck owners get 55%, Helix 45% - $75M annual synergies
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- Fixed exchange ratio: 10.27167 Helix shares per Hornbeck share; pro forma ownership 55% Hornbeck, 45% Helix.
- Expected $75M+ in annual revenue and cost synergies within three years of close.
- Post-close, combined company to operate as Hornbeck Offshore Services, trade as 'HOS' on NYSE; Todd Hornbeck CEO.
- Closing expected H2 2026, subject to Helix shareholder vote, regulatory approvals, and other conditions.
- Ares Management funds representing significant Hornbeck ownership have consented to the transaction.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866829/000114036126016264/0001140361-26-016264-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866829/000114036126016264/ef20071265_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-26-016264

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