Helix Energy sets price talk on $500 million of senior notes due 2015 at 9¼% to 9½%, pricing Tuesday

By Andrea Heisinger

Omaha, Dec. 17 - Helix Energy Solutions Group, Inc. is set to price a $500 million issue of senior notes (B3/B+) due 2015 on Tuesday in a Rule 144A deal, market sources said.

Price talk is 9¼% to 9½% for the single tranche issue.

The deal was originally planned as a $500 million two-part offering made up 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.

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

Proceeds will be used to repay bank debt.

The offshore energy services and vessels company is based in Houston.

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