Helix Energy Solutions Group HLX GB — Debt Instrument Basis Spread On Variable Rate1
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Where this comes from
Reported directly by Helix Energy Solutions Group in its filing.
Tagged under the XBRL concept us-gaap:DebtInstrumentBasisSpreadOnVariableRate1.
The source filing: Helix Energy Solutions Group’s 10-Q, filed April 24, 2026.
- Filed
- Apr 24, 2026, 5:25 PM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0000866829-26-000013
U.S. borrowings under the Amended ABL Facility bear interest at the Term SOFR rate (also known as CME Term SOFR as administered by CME Group, Inc.) plus a margin of 1.50% to 2.00% or at a base rate plus a margin of 0.50% to 1.00%. U.K. borrowings under the Amended ABL Facility denominated in U.S. dollars bear interest at the Term SOFR rate with SOFR adjustment of 0.10% and U.K. borrowings denominated in the British pound bear interest at the SONIA daily rate, each plus a margin of 1.50% to 2.00%. We also pay a commitment fee of 0.375% to 0.50% per annum on the unused portion of the facility.
Item 1. Financial Statements
FAQ
- What is Helix Energy Solutions Group's GB — debt instrument basis spread on variable rate1?
- Helix Energy Solutions Group (HLX) reported GB — debt instrument basis spread on variable rate1 of 2% in Q1 2026.
- How has Helix Energy Solutions Group's GB — debt instrument basis spread on variable rate1 changed year-over-year?
- Helix Energy Solutions Group's GB — debt instrument basis spread on variable rate1 decreased by 0.0% year-over-year, from 2% to 2%.
- What does GB — debt instrument basis spread on variable rate1 mean?
- This represents the additional percentage points added to a benchmark interest rate for variable-rate debt obligations within this specific geographic segment. It reflects the credit risk premium and market-based adjustments required by lenders for the company's regional financing activities. Monitoring this spread helps investors assess the cost of capital and sensitivity to interest rate fluctuations for regional operations.
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