0000866829
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0000866829
2024-08-02
2024-08-02
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report
(Date of earliest event reported):
August 2, 2024
HELIX ENERGY SOLUTIONS GROUP, INC.
(Exact name of registrant as specified in its charter)
Minnesota 001-32936 95-3409686
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
3505 West Sam Houston Parkway North
Suite 400
Houston 77043
,
Texas
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
281
-
618-0400
NOT APPLICABLE
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of
the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading Symbol(s) Name of each exchange on which registered
Common Stock, no par value HLX New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as
defined in Rule 405 of the Securities Act of 1933 ((s)230.405 of this chapter)
or Rule 12b-2 of the Securities Exchange Act of 1934 ((s)240.12b-2 of this
chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has
elected not to use the extended transition period for complying with any new
or revised financial accounting standards provided pursuant to Section 13(a)
of the Exchange Act.
Item 1.01. Entry into a Material Definitive Agreement.
On August 2, 2024, Helix Energy Solutions Group, Inc. ("Helix" or the
"Company"), Helix Well Ops Inc., Helix Robotics Solutions, Inc., Deepwater
Abandonment Alternatives, Inc., Alliance Offshore, L.L.C., Triton Diving
Services, LLC, Alliance Energy Services, LLC, Helix Well Ops (U.K.) Limited
and Helix Robotics Solutions Limited (collectively, the "Borrowers"), the
guarantors party thereto, the lenders party thereto and Bank of America, N.A.,
as agent and security trustee for the lenders (in such capacity, the "Agent"),
entered into Amendment No. 4 to Loan, Security and Guaranty Agreement (the
"Fourth Amendment") to the existing Loan, Security and Guaranty Agreement
dated as of September 30, 2021 (as previously amended, the "ABL Facility")
among the Borrowers, the guarantors party thereto, the lenders party thereto
and the Agent. The Fourth Amendment amends certain provisions under the ABL
Facility to, among other things, extend the maturity date of the ABL Facility
from September 30, 2026 to August 2, 2029 subject to earlier senior debt
maturities, and increase the letter of credit basket under the ABL Facility
from $20 million to $55 million. The foregoing description of the Fourth
Amendment does not purport to be complete and is qualified in its entirety by
reference to the Fourth Amendment, a copy of which is filed as Exhibit 4.1 to
this Current Report on Form 8-K and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d)
Exhibits.
Exhibit Description
Number
4.1 Amendment No. 4, dated as of August 2, 2024, to Loan, Security and Guaranty
Agreement dated as of September 30, 2021, among Helix Energy Solutions
Group, Inc., Helix Well Ops Inc., Helix Robotics Solutions, Inc., Deepwater
Abandonment Alternatives, Inc., Alliance Offshore, L.L.C., Triton
Diving Services, LLC, Alliance Energy Services, LLC, Helix Well Ops (U.K.)
Limited and Helix Robotics Solutions Limited as borrowers, the guarantors
party thereto, the lenders party thereto, and Bank of America, N.A.,
as agent and security trustee for the lenders, as previously amended.
104 Cover Page Interactive Data File (embedded
within the Inline XBRL document).
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: August 2, 2024
HELIX ENERGY SOLUTIONS GROUP, INC.
By: /s/ Erik Staffeldt
Erik Staffeldt
Executive Vice President and Chief Financial Officer
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