Simpson Thacher is advising the initial purchasers, led by Wells Fargo Securities, in connection with Helix Energy Solutions Group, Inc.’s (“Helix”) offering of $300 million in principal amount of 9.750% Senior Notes due 2029. Helix intends to use the net proceeds from the offering, together with cash on hand and shares of its common stock, as necessary, to pay the cost of extinguishing its obligations with respect to its outstanding 6.75% Convertible Senior Notes due 2026, which may include privately negotiated transactions, and payments in settlement of redemptions or conversions of such 2026 Convertible Notes.
Helix Energy Solutions Group, Inc., headquartered in Houston, Texas, is an international offshore energy services company that provides specialty services to the offshore energy industry, with a focus on well intervention, robotics and full field decommissioning operations.
The Simpson Thacher team includes Brian Rosenzweig, Richie Ragusa, Sydney Mark, Emily Anne Owen and Mary Richardson (Capital Markets); Jonathan Cantor and Mohanad Salaimi (Tax); Pasco Struhs (Executive Compensation and Employee Benefits); Melanie Jolson (IP).