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.
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Helix Energy Solutions Group Inc. published this content on 02 August 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 August 2024 20:23:09 UTC.
