Helix Energy Solutions Group, Inc. as borrower, and Bank of America, N.A., as administrative agent, swing line lender and letters of credit issuer, together with the other lenders party to the Credit Agreement have entered into Amendment No. 2 to the Credit Agreement, dated as of January 19, 2016, which amends the existing Credit Agreement dated as of June 19, 2013 as amended by Amendment No. 1 thereto dated as of May 13, 2015 (together, the Credit Agreement).

The Second Amendment permits under the Credit Agreement the sale and leaseback of an office and industrial facility known as Helix House, Kirkton Drive, Dyce, Aberdeen, by Helix Well Ops (UK) Limited, as seller and tenant, and Aberdeen Helix House Property Limited Partnership Inc., as purchaser and landlord. The sale and leaseback transaction is expected to close in the next few days with a sales price of approximately 7,650,000 (approximately $11 million).