Helix Energy to use offering proceeds to repurchase 3.25% convertibles

By Tali David

Minneapolis, March 7 - Helix Energy Solutions Group, Inc. plans to use the proceeds of its $200 million offering of 3.25% convertible senior notes due 2032 offering to repurchase $110.7 million of its $300 million 3.25% convertible senior notes due 2025, the company announced in a press release.

The repurchases will be made in privately negotiated transactions.

Repurchased convertibles will be retired.

Helix is a Houston-based offshore energy company.

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