Helix Energy Solutions Group and Hornbeck Offshore Services, Inc. have announced that Helix’s shareholders have approved the proposals necessary to complete the previously announced all-stock combination of Helix and Hornbeck at a special meeting of Helix’s shareholders.
'We thank our shareholders for their support of our transaction with Hornbeck,' said Owen Kratz, President and Chief Executive Officer of Helix. 'We believe this combination establishes an integrated offshore services company with enhanced scale, expanded capabilities and opportunities for growth across the deepwater energy, defense and renewables industries.'
'Today’s approval marks an important milestone in bringing together two industry leaders,' said Todd M. Hornbeck, Chairman, President and Chief Executive Officer of Hornbeck. 'We appreciate the support of Helix’s shareholders and look forward to creating a global offshore services leader, one with the innovative, high-quality and value-added business solutions, global reach, advanced technology and financial strength necessary to better serve our customers and drive long-term shareholder value.'
Upon completion of the transaction, Hornbeck securityholders will own approximately 55% and Helix shareholders will own approximately 45% of the combined company on a fully diluted basis. The combined company will operate under the name 'Hornbeck Offshore Services, Inc.' and trade on the New York Stock Exchange under the ticker symbol 'HOS.'
The companies expect the transaction to close on September 1st, 2026.
The final voting results, as certified by an independent inspector of election, will be filed on a Form 8-K with the U.S. Securities and Exchange Commission (the 'SEC').
Advisors
Goldman Sachs & Co. LLC is serving as financial advisor to Helix, and Veriten LLC is serving as an independent strategic advisor. Baker Botts L.L.P. is serving as legal counsel to Helix. Joele Frank, Wilkinson Brimmer Katcher is serving as strategic communications advisor.
Barclays, Piper Sandler & Co. and J.P. Morgan are acting as financial advisors to Hornbeck, and Kirkland & Ellis LLP is serving as its legal counsel.
About Helix
Helix Energy Solutions Group, Inc., headquartered in Houston, Texas, is an international offshore energy services company that provides specialty services to the offshore energy industry, with a focus on well intervention, robotics and decommissioning operations. Helix’s services are key in supporting a global energy transition by maximizing production of existing oil and gas reserves, decommissioning end-of-life oil and gas fields and supporting renewable energy developments.
About Hornbeck
Hornbeck Offshore Services, Inc., headquartered in Covington, Louisiana, is a leading provider of technologically advanced, high specification offshore service vessels to the energy industry primarily in the Gulf of America and Latin America, as well as to the U.S. government, offshore wind and other non-oilfield customers.
Source: Hornbeck Offshore Services
