Helix Energy’s 6.75% convertibles due 2026 are convertible

By Wendy Van Sickle

Columbus, Ohio, Sept. 29 – Helix Energy Solutions Group Inc. announced that its 6.75% convertible senior notes due 2026 are now convertible at the option of the holders, according to a press release.

Starting Oct. 1, the notes are convertible through Dec. 31, as a result of the closing sale price of Helix’s common stock being more than the conversion trigger price in effect on each applicable trading day during at least 20 of the last 30 consecutive trading days of the calendar quarter ending Sept. 30.

Conversion notices and related details may be obtained from trustee and conversion agent Bank of New York Mellon Trust Co., NA (CT_Reorg_Unit_Inquiries@bnymellon.com).

Helix may choose to settle the notes as stock, cash or a combination of cash and shares of common stock.

The issuer is a Houston-based offshore energy services company.

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