Helix Energy Solutions Group Inc. - 2016-02-10

Lowered credit facility’s revolver commitment down from $600 million to save $1 million in commitment fees annually. Trailing four-quarter maximum leverage ratio for the quarter ending March 31 was increased to 5.5x and then decreased to 3.5x by Dec. 31, 2017. Cash requirement covenant of $50 million will be added if the leverage ratio exceeds 3.5x; if it exceeds 4x, $100 million will be added and if it exceeds 4.5x, $150 million will be added.