Helix Energy to start roadshow Monday for $500 million two-part note offering

By Paul A. Harris

St. Louis, Dec. 7 - Helix Energy Solutions will begin a roadshow on Monday for a $500 million two-part offering of senior notes, according to an informed source.

The Houston-based energy company is in the market with tranches of fixed-rate notes due 2015, which will come with four years of call protection, and floating-rate notes due 2014, which will come with two years of call protection.

The notes, which are being marketed via Rule 144A with registration rights, are expected to price early in the week of Dec. 17.

Banc of America Securities LLC is the bookrunner. Credit Suisse, Comerica Investments, Natexis Bleichroeder and Scotia Capital are co-managers.

Credit ratings remain to be determined.

Proceeds will be used to repay bank debt.

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