HOUSTON--(BUSINESS WIRE)--Jan. 4, 2017--
Helix Energy Solutions Group, Inc. (NYSE:HLX) (“Helix”) priced its
underwritten public offering of 23,000,000 shares of its common stock on
January 4, 2017, at a price of $8.65 per share (the “offering”). The
23,000,000 share offering represents a 2,000,000 share upsize to the
previously announced proposed 21,000,000 share offering. Total gross
proceeds of the offering (before underwriters’ discounts and commissions
and estimated offering expenses) will be approximately $199.0 million.
In addition, Helix has granted the respective underwriters a 30-day
option to purchase up to 3,450,000 additional shares of its common stock
at the public offering price per share (less the underwriting discount).
Helix intends to use the net proceeds from the offering, including any
proceeds from any exercise of the underwriters’ option to purchase
additional shares of common stock, for general corporate purposes, which
may include debt repayment, capital expenditures, working capital,
acquisitions or investments in its subsidiaries. The closing of the
offering, which is expected to occur on January 10, 2017, is subject to
customary closing conditions.
Credit Suisse Securities (USA) LLC, Wells Fargo Securities, LLC and BofA
Merrill Lynch are acting as joint book-running managers for the offering.
The offering is made under an effective automatic shelf registration
statement on Form S-3 (Registration No. 333-214259) filed by Helix with
the Securities and Exchange Commission (“SEC”) and only by means of a
prospectus supplement and accompanying base prospectus. A preliminary
prospectus supplement has been filed with the SEC to which this press
release relates. Prospective investors should read the preliminary
prospectus supplement and the accompanying base prospectus included in
the registration statement and other documents Helix has filed with the
SEC for more complete information about Helix and the offering. These
documents are available at no charge by visiting EDGAR on the SEC’s
website at www.sec.gov.
Alternatively, a copy of the prospectus supplement and accompanying base
prospectus may be obtained, when available, from (i) Credit Suisse at
Credit Suisse Securities (USA) LLC, Prospectus Department, One Madison
Avenue, New York, NY 10010, by telephone at (800) 221-1037 or by email: newyork.prospectus@credit-suisse.com,
(ii) Wells Fargo Securities, LLC, Attention: Equity Syndicate
Department, 375 Park Avenue, New York, NY 10152, by telephone at (800)
326-5897 or by email: cmclientsupport@wellsfargo.com,
or (iii) BofA Merrill Lynch at NC1-004-03-43, 200 North College Street,
3rd floor, Charlotte, North Carolina 28255-0001, Attention: Prospectus
Department, or by email: dg.prospectus_requests@baml.com.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy the securities described herein, nor
shall there be any sale of these securities in any state or jurisdiction
in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About Helix
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 and robotics operations.
Forward-Looking Statements
This press release contains forward-looking statements that involve
risks, uncertainties and assumptions that could cause our results to
differ materially from those expressed or implied by such
forward-looking statements. All statements, other than statements of
historical fact, are "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995, including, without
limitation, any statements regarding our strategy; any statements
regarding visibility and future utilization; any projections of
financial items; future operations expenditures; any statements
regarding the plans, strategies and objectives of management for future
operations; any statements concerning developments; any statements
regarding future economic conditions or performance; any statements of
expectation or belief; and any statements of assumptions underlying any
of the foregoing. The forward-looking statements are subject to a number
of known and unknown risks, uncertainties and other factors including
but not limited to the performance of contracts by suppliers, customers
and partners; actions by governmental and regulatory authorities;
operating hazards and delays; our ultimate ability to realize current
backlog; employee management issues; complexities of global political
and economic developments; geologic risks; volatility of oil and gas
prices and other risks described from time to time in our reports filed
with the SEC, including the Company's most recently filed Annual Report
on Form 10-K and in the Company’s other filings with the SEC, which are
available free of charge on the SEC’s website at www.sec.gov.
We assume no obligation and do not intend to update these
forward-looking statements except as required by the securities laws.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170104006569/en/
Source: Helix Energy Solutions Group, Inc.
Helix Energy Solutions Group, Inc.
Erik Staffeldt,
281-618-0400
VP-Finance & Accounting