A portion of the cash proceeds from the sale of ERT will be used to repay the Company’s term loans and revolving credit facility indebtedness as required by the governing credit agreement.
Statements included in this news release regarding the use of proceeds
from the transaction, Helix’s strategy and other statements that are not
historical facts are forward-looking statements. These statements
involve risks and uncertainties including, but not limited to, operating
hazards and delays, risks associated with international operations,
actions by customers and other third parties, the future prices of oil
and gas, and other risks described from time to time in our reports
filed with the
Helix Energy Solutions Group, Inc.
Terrence Jamerson, 281-618-0400
Director, Finance & Investor Relations