Helix Energy Solutions Group amended its existing asset-based revolving credit facility (the “ABL Facility”) as of August 2, 2024. The amendment extends the term of the ABL Facility from September 30, 2026 to August 2, 2029 subject to earlier senior debt maturities, and increases the letter of credit basket size from $20 million to $55 million. Bank of America continues to serve as Administrative Agent for the ABL Facility.

Erik Staffeldt, Executive Vice President and Chief Financial Officer of Helix, commented, “We are pleased to have amended our ABL Facility. The increased letter of credit basket size provides us with financial flexibility to address operational bonding requirements, including for our upcoming campaign in Nigeria on the Q4000. The extension of the term of the facility aligns with our new, simplified capital structure that has no significant debt maturities until 2029. We appreciate the support of our lenders.”