Helix and Hornbeck to Combine in All-Stock Merger to Create Offshore Services Leader

Helix Energy Solutions Group and Hornbeck Offshore Services have announced a definitive agreement to combine in an all-stock transaction, aiming to create a premier integrated offshore services provider. Under the terms of the deal, Hornbeck shareholders will own approximately 55% of the combined entity, while Helix shareholders will hold the remaining 45% on a fully diluted basis. It was also confirmed that Helix will continue to trade under its ticker symbol HLX on the New York Stock Exchange (NYSE). This strategic combination is designed to leverage the complementary strengths of both companies to enhance operational scale in the offshore energy market. The merger is expected to drive significant efficiencies and strengthen the competitive positioning of the new entity within the oilfield services sector, positioning the combined company for long-term growth in global offshore markets.