Helix Energy Solutions Group, Inc. (“Helix”) has entered into an amendment of its existing asset-based revolving credit facility (“ABL Facility”), under which among other changes the borrowing base and commitments of the lenders thereunder have been increased from $100 million to $120 million.
Erik Staffeldt, Executive Vice President and Chief Financial Officer of Helix, stated, “We are pleased to announce the increase in our borrowing base consistent with a strengthening in our Gulf of Mexico and North Sea markets. We appreciate the continued support of our bank group.”
Bank of America, N.A. continues to serve as Administrative Agent for the ABL Facility.
