Helix Announces Delivery of Q5000 and Drawdown of $250 Million Credit Facility
05 May 2015 - 7:00AM
Business Wire
Helix Energy Solutions Group, Inc. (NYSE: HLX) announced today
that on April 30th its wholly owned subsidiary, Helix Q5000
Holdings S.A.R.L., took delivery of the Q5000 semisubmersible well
intervention vessel from Sembcorp Marine’s Jurong Shipyard. In
conjunction with delivery of the vessel, Helix Q5000 Holdings
S.A.R.L. used proceeds of the previously announced $250 million
Q5000 credit facility to make the final shipyard payment. The
remaining cash balance of the facility, approximately $148 million,
will be used for general corporate and working capital needs.
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. For more
information about Helix, please visit our website at
www.HelixESG.com.
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 future utilization; any
projections of financial items; future operations expenditures; any
statements regarding the plans, strategies and objectives of
management for future operations; any statement 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 Securities and Exchange Commission
("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.
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(@Helix_ESG) and LinkedIn
(www.linkedin.com/company/helix-energy-solutions-group).
Helix Energy Solutions Group, Inc.Terrence Jamerson,
281-618-0400Director, Finance & Investor Relations
Helix Energy Solutions (NYSE:HLX)
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