EXHIBIT 10.3
HELIX ENERGY SOLUTIONS GROUP INC
SECOND LIEN TERM LOAN CREDIT AGREEMENT dated as of December 27, 2024 by and among
HORNBECK OFFSHORE SERVICES, INC., as Borrower
STONEBRIAR COMMERCIAL FINANCE LLC, as Administrative Agent,
WILMINGTON TRUST, NATIONAL ASSOCIATION,
as Collateral Trustee
and
THE LENDERS PARTY HERETO
____________________
**NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LIENS AND SECURITY INTERESTS GRANTED PURSUANT TO THIS AGREEMENT, AND THE EXERCISE OF ANY RIGHT OR REMEDY BY WILMINGTON TRUST, NATIONAL ASSOCIATION, AS COLLATERAL TRUSTEE (AS DEFINED HEREIN) HEREUNDER, ARE SUBJECT TO THE LIMITATIONS, SUBORDINATION PROVISIONS AND OTHER TERMS OF THE JUNIOR LIEN INTERCREDITOR AGREEMENT, DATED AS OF DECEMBER 27, 2024 (AS AMENDED, RESTATED, AMENDED AND RESTATED, SUPPLEMENTED OR OTHERWISE MODIFIED FROM TIME TO TIME, THE “ORIGINAL JUNIOR LIEN INTERCREDITOR AGREEMENT”) BY AND AMONG, INTER ALIOS, DNB
…