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AI brief of an SEC Form 8-K · Helix Energy Solutions Group (HLX)

Helix sells Shallow Water Abandonment unit to Chouest Group for $107.5 million

Neutral Impact 3 of 5 m&a Written later

Helix Energy Solutions Group, through subsidiary Helix Alliance Decom, sold all equity interests in its Gulf of America Shallow Water Abandonment business, called Alliance, to C-Dive, L.L.C. for $107.5 million in cash, subject to customary post-closing adjustments. The sale was signed and closed on May 1, 2026, and the filing says it supports Helix's focus on deepwater operations while it pursues a combination with Hornbeck Offshore Services. The filing does not report the business's revenue, profit, or the effect on Helix's financial results.

Key points

  • Sale price: $107.5 million cash at closing, subject to customary post-closing adjustments
  • Equity Purchase Agreement and closing both dated May 1, 2026; buyer is C-Dive, L.L.C., part of the Chouest Group
  • Alliance companies released as guarantors under the December 1, 2023 indenture with The Bank of New York Mellon Trust Company, N.A.
  • Helix separately announced a definitive agreement to combine with Hornbeck Offshore Services

The filing

CompanyHelix Energy Solutions Group (HLX)
Form8-K, current report
Filed with the SECMay 4, 2026, 6:57 PM ET
Accession number0000866829-26-000015

Items reported: 1.01 Material Definitive Agreement7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 04, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.