Helix Energy Solutions Group entered into an amendment of its existing asset-based revolving credit facility, increasing the borrowing base and commitments of the lenders thereunder from $100 million to $120 million, among other changes. Bank of America continues to serve as administrative agent for the ABL facility.

“We are pleased to announce the increase in our borrowing base consistent with a strengthening in our Gulf of Mexico and North Sea markets,” Erik Staffeldt, executive vice president and CFO of Helix, said. “We appreciate the continued support of our bank group.”