Helix Energy Solutions Group, Inc. (NYSE:HLX) Files An 8-K Entry into a Material Definitive Agreement

Helix Energy Solutions Group, Inc. (NYSE:HLX) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement.

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Helix Energy Solutions Group, Inc., a Minnesota corporation (“Helix”), as borrower, and Bank of America, N.A., as administrative agent, swing line lender and letters of credit issuer, together with the other lenders party to the Credit Agreement (as defined below), have entered into Amendment No.1 to the Amended and Restated Credit Agreement, dated as of January18, 2019 (the “First Amendment”), which amends the existing Amended and Restated Credit Agreement dated as of June 30, 2017 (together, the “Credit Agreement”).

The First Amendment, among other things, permits Helix under the Credit Agreement to issue certain bonds in favor of the Bureau of Ocean Energy Management and Marathon Oil Corporation (“Marathon Oil”) and to incur certain capital expenditures in connection with the transaction described in Item 8.01 below.

The description of the First Amendment contained in this Form 8-K does not purport to be complete and is qualified in its entirety by reference to the full text of the First Amendment, incorporated herein by reference from Exhibit4.1 hereof.

Item 8.01. Other Events.

On January21, 2019 Helix issued a press release announcing its acquisition from Marathon Oil of certain offshore Gulf of Mexico lease operating depths, which transaction also involves Marathon Oil’s agreement to pay Helix certain agreed upon amounts to perform the required plug and abandonment work, all as part of Helix’s strategy to secure utilization for its assets. The press release is attached hereto as Exhibit99.1 and incorporated by reference herein.

Item 9.01. Financial Statements and Exhibits.


Exhibit Number


EX-4.1 2 hlx01222019-ex41.htm AMENDMENT NO. 1 TO AMENDED AND RESTATED CREDIT AGREEMENT Exhibit EXHIBIT 4.1AMENDMENT NO. 1 TO AMENDED AND RESTATED CREDIT AGREEMENTThis Amendment No. 1 to Amended and Restated Credit Agreement,…
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About Helix Energy Solutions Group, Inc. (NYSE:HLX)

Helix Energy Solutions Group, Inc. is an international offshore energy services company. The Company provides services to the offshore energy industry, with a focus on well intervention and robotics operations. The Company operates in three segments: Well Intervention, Robotics and Production Facilities. Its Well Intervention segment includes the Company’s vessels and equipment used to perform well intervention services primarily in the Gulf of Mexico and North Sea regions. Its Robotics segment includes remotely operated vehicles (ROVs), trenchers and ROVDrills designed to complement offshore construction and well intervention services, and operates over four chartered ROV support vessels. Its Production Facilities segment includes the Helix Producer I (the HP I), a floating production vessel, the Helix Fast Response System (the HFRS), and its ownership interest in Independence Hub, LLC (Independence Hub).

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