Helix Energy Solutions Prices Its $300M 9.750% Senior Notes Due 2029
Portfolio Pulse from Benzinga Newsdesk
Helix Energy Solutions has priced its $300 million senior notes with an annual interest rate of 9.750%, payable semi-annually. The notes will mature on March 1, 2029.
November 17, 2023 | 6:16 am
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NEGATIVE IMPACT
Helix Energy Solutions has successfully priced its $300 million senior notes offering, which carries a high interest rate of 9.750%, indicating a potentially higher level of risk or cost of borrowing for the company.
The high interest rate of 9.750% on the newly priced senior notes suggests that Helix Energy Solutions may be perceived as a higher risk by the market, which could increase the company's cost of capital and potentially pressure its financials in the short term. This could lead to a negative investor sentiment and a possible decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100