Helix Energy Solutions Announces Completion of Acquisition of Alliance and Amendment to its ABL Facility
The acquisition marks a meaningful step in our participation in the Energy Transition, and we are excited to welcome our new colleagues to the Helix family.
- The acquisition marks a meaningful step in our participation in the Energy Transition, and we are excited to welcome our new colleagues to the Helix family.
- 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 Helixs Alliance acquisition, expanding the eligible credit line and establishing a link in its pricing to sustainability targets.
- Mr. Kratz continued, We have increased the size of our ABL Facility to accommodate the increase in our expected borrowing base with the Alliance acquisition.