secwatch.observer — SEC 8-K summary
======================================

Issuer:     HELIX ENERGY SOLUTIONS GROUP INC (HLX)
CIK:        0000866829
Form:       8-K
Filed at:   2026-09-01T20:47:03+00:00
Accession:  0001193125-26-378529
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 1.02, 2.01, 2.03, 3.02, 3.03, 5.03, 5.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Helix-Hornbeck merger completes; combined company to trade as HOS on NYSE
-------------------------------------------------------------------------

- Merger completed: Helix converted to Delaware, merged with Legacy Hornbeck; new company renamed Hornbeck Offshore Services, Inc.
- Each Legacy Hornbeck share converted into 10.27167 shares of new common stock; creditor warrants at 7.556x.
- New board of 7 directors; Todd Hornbeck named CEO; Owen Kratz resigns, gets $800k/yr consulting deal.
- First Lien revolving commitments increased to $125M from $75M; Helix ABL facility terminated with no borrowings.
- 37,818,435 shares issued to Consenting Stockholders in unregistered offering; Jones Act warrants assumed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866829/000119312526378529/0001193125-26-378529-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866829/000119312526378529/d102206d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-378529

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