Helix Energy’s 6.75% convertibles due 2026 still convertible

By Wendy Van Sickle

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

From Jan. 1 through March 31, the notes are remaining convertible due to 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 Dec. 31.

The notes were also convertible during the period running from Oct. 1 through Dec. 31.

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 both.

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

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