Expanded decommissioning presence represents significant step for Helix’s Energy Transition business model
Helix also announced today that in conjunction with its acquisition of Alliance, it has amended its existing asset-based revolving credit facility (“ABL Facility”). The amendment aligns with Helix’s Alliance acquisition, expanding the eligible credit line and establishing a link in its pricing to sustainability targets. The key features of the amendment include:
Increase of the size of the ABL Facility to
$100 million; and
- Inclusion of ESG/sustainability-linked performance targets that may result in adjustments to commitment and borrowing rates.
Additional information on the Alliance acquisition and the amendment to the ABL facility is available in the Current Report on Form 8-K filed by Helix with the
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