Attached files
file | filename |
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EX-5.2 - EX-5.2 - HELIX ENERGY SOLUTIONS GROUP INC | d537740dex52.htm |
EX-1.1 - EX-1.1 - HELIX ENERGY SOLUTIONS GROUP INC | d537740dex11.htm |
8-K - FORM 8-K - HELIX ENERGY SOLUTIONS GROUP INC | d537740d8k.htm |
Exhibit 5.1
ONE SHELL PLAZA 910 LOUISIANA HOUSTON, TEXAS 77002-4995
TEL +1 713.229.1234 FAX +1 713.229.1522 BakerBotts.com |
AUSTIN BEIJING BRUSSELS DALLAS DUBAI HONG KONG HOUSTON |
LONDON MOSCOW NEW YORK PALO ALTO RIYADH SAN FRANCISCO WASHINGTON |
March 19, 2018
Helix Energy Solutions Group, Inc.
3505 West Sam Houston Parkway North, Suite 400
Houston, Texas 77043
Ladies and Gentlemen:
In connection with the issuance by Helix Energy Solutions Group, Inc., a Minnesota corporation (the Company), of an aggregate of $125,000,000 principal amount of the Companys 4.125% Convertible Senior Notes due 2023 (the Notes), pursuant to (i) the Registration Statement on Form S-3 (Registration No. 333-214259) (the Registration Statement), which was filed by the Company with the Securities and Exchange Commission (the Commission) under the Securities Act of 1933, as amended (the Act), and (ii) the related prospectus dated October 26, 2016, as supplemented by the prospectus supplement relating to the sale of the Notes dated March 13, 2018 (as so supplemented, the Prospectus), as filed by the Company with the Commission pursuant to Rule 424(b) under the Act, certain legal matters with respect to the Notes are being passed upon for the Company by us. At your request, this letter is being furnished to you for filing as Exhibit 5.1 to the Companys Current Report on Form 8-K to be filed with the Commission on the date hereof (the Form 8-K).
The Registration Statement has been filed with the Commission and became effective under the Act upon filing. The Prospectus has been filed by the Company with the Commission pursuant to Rule 424(b) under the Act, including all documents incorporated by reference therein. On March 13, 2018, the Company entered into an Underwriting Agreement (the Underwriting Agreement) with the underwriters named therein (the Underwriters) providing for the issuance and sale by the Company to the Underwriters of the Notes.
The opinion set forth herein relates only to certain matters regarding the Notes. In our capacity as your counsel in the connection referred to above, we have examined originals, or copies, certified or otherwise identified, of (i) the 2005 Amended and Restated Certificate of Incorporation and the Second Amended and Restated By-laws of the Company, each as amended to date; (ii) the Underwriting Agreement, filed as an exhibit to the Form 8-K; (iii) the Indenture, dated as of November 1, 2016 (the Base Indenture), between the Company, as issuer, and The Bank of New York Mellon Trust Company, N.A., as trustee (the Trustee), filed as Exhibit 4.1 to the Current Report on Form 8-K filed by the Company on November 1, 2016, pursuant to which debt securities may be issued; (iv) a form of the Second Supplemental Indenture between the Company and the Trustee, as described in the Prospectus (the Supplemental Indenture and, together with the Base Indenture, the Indenture), pursuant to which the Notes will be issued; (v) corporate records of the Company; (vi) certificates of public officials and of representatives of the Company and (vii) statutes and other instruments and documents as a basis for the opinion hereinafter expressed.
Helix Energy Solutions Group, Inc. |
- 2 - | March 19, 2018 |
In giving such opinion, we have relied on certificates of officers of the Company and of public officials with respect to the accuracy of the material factual matters contained in such certificates and we have assumed, without independent investigation, that all signatures on documents examined by us are genuine, all documents submitted to us as originals are authentic and complete, all documents submitted to us as certified or photostatic copies conform with the originals of such documents and all information submitted to us was accurate and complete. We have also assumed that the Notes will be offered and sold in compliance with applicable federal and state securities laws and in the manner described in the Prospectus and in accordance with the terms of the Underwriting Agreement. We have also assumed that the Base Indenture has been duly authorized, executed and delivered by the Trustee and represents a valid and legally binding obligation of the Trustee and the Supplemental Indenture has been or will be duly authorized, executed and delivered by the Trustee and will represent a valid and legally binding obligation of the Trustee. We have also assumed that the Base Indenture, the Second Supplemental Indenture and the Notes have been or will be duly authorized, executed and delivered by the Company.
On the basis of the foregoing, and subject to the assumptions, limitations and qualifications set forth herein, we are of the opinion that the Notes, when they have been duly authorized, executed, authenticated, issued and delivered in accordance with the provisions of the Indenture and duly purchased and paid for in accordance with the terms of the Underwriting Agreement, and when authenticated by the Trustee in the manner provided in the Indenture and delivered through the facilities of The Depository Trust Company against payment of the purchase price therefor, will constitute legal, valid and binding obligations of the Company, enforceable against the Company in accordance with their terms, except as the enforceability thereof may be subject to (i) bankruptcy, insolvency, fraudulent conveyance or transfer, reorganization, moratorium or similar laws of general applicability relating to or affecting creditors rights and remedies, (ii) general principles of equity, comity and public policy (regardless of whether enforcement is sought in a proceeding at law or in equity), (iii) the discretion of the court before which any proceeding may be brought or (iv) applicable law relating to fiduciary duties and indemnification and contribution and any implied covenant of good faith and fair dealing.
We have relied as to matters of Minnesota law upon the opinion of Maslon LLP filed as Exhibit 5.2 to the Form 8-K. The opinion set forth above is limited in all respects to the contract law of the State of New York and the applicable federal laws of the United States, in each case as in effect on the date hereof.
We hereby consent to the filing of this letter with the Commission as Exhibit 5.1 to the Form 8-K. We also consent to the reference to us under the heading Legal Matters in the Prospectus. In giving this consent, we do not admit that we are in the category of persons whose consent is required under Section 7 of the Act or the rules and regulations of the Commission thereunder.
Very truly yours, |
/s/ Baker Botts L.L.P. |