|
The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Bank of America, Wells Fargo Agent $80MM Asset-Based Credit Facility for Helix
|
Lenders/Participants
|
Bank of America [Administrative Agent, Joint Lead Arranger]
Wells Fargo Bank [Joint Lead Arranger]
|
|
Structure
|
Asset-based Revolver
|
|
Amount
|
$80.000
Million
|
|
Borrower(s)
|
Helix Energy Solutions Group
|
|
Description
|
The ABL Facility replaces Helix's existing credit facility and term loan, which was concurrently repaid in full. The key features of the ABL Facility include:
$80 million revolving credit facility, subject to borrowing base availability; Five-year term or 91 days prior to the maturity of Helix’s 2026 Convertible Senior Notes
Separate U.S. and U.K. tranches of $45 million and $35 million, respectively; Initial pricing at LIBOR or SONIA plus 150 to 200 basis points or the base rate plus 50 to 100 basis points, with an undrawn fee of 37.5 to 50 basis points; Additional $70 million accordion, subject to lender approval.
|
|
Industry
|
Energy Services
|
|
Location
|
TX
|
| Related Tags |
Ban of America, Wells Fargo Bank
|
ABL Advisor
Deal Tables
2025
|
|
|
|