Helix Announces New $250 Million Credit Facility for its Subsidiary Helix Q5000 Holdings S.A.R.L.
The key features of the new secured credit facility include:
- Debt nonrecourse to Helix
- 5 year term
- Pricing at Libor plus 250 basis points, with an undrawn fee of 87.5 basis points
- Quarterly amortization payments on the term loan based on a seven year straight line repayment profile with a balloon payment at maturity
“This new credit facility provides attractive financing not only for the Q5000,
but also allows Helix to maintain the capital resources to execute our
capital spending plans for new well intervention vessels, both in
progress as well as potential future vessels,” commented
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Source:
Helix Energy Solutions Group, Inc.
Terrence Jamerson,
281-618-0400
Director, Finance & Investor Relations