Helix Announces Delivery of Q5000
Tuesday 5 May 2015
Helix announced today that on April 30th its wholly owned subsidiary, Helix Q5000 Holdings S.A.R.L., took delivery of the Q5000 semisubmersible well intervention vessel from Sembcorp Marine's Jurong Shipyard.
In conjunction with delivery of the vessel, Helix Q5000 Holdings S.A.R.L. used proceeds of the previously announced $250 million Q5000 credit facility to make the final shipyard payment. The remaining cash balance of the facility, approximately $148 million, will be used for general corporate and working capital needs.