Filed Pursuant to Rule 433
Registration No. 333-148142
September 14, 2009
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2500 City West Boulevard
Suite 2200
Houston, TX 77042
(713) 361-2600
(713) 361-2693 fax
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FOR IMMEDIATE RELEASE
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Contact:
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G. Kregg Lunsford
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Chief Financial Officer
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September 14, 2009
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(713) 243-2713
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Helix Commences Secondary Public Offering of Cal Dive Common Stock
HOUSTON, TX (September 14, 2009) Cal Dive International, Inc. (NYSE:DVR) announced today that
Helix Energy Solutions Group, Inc. (NYSE:HLX) (Helix) has commenced an underwritten secondary
public offering of approximately 20.6 million shares of Cal Dive common stock. This is in addition
to the secondary offering of 22.6 million shares completed by Helix in June of this year.
The secondary offering also includes an option for the underwriters to purchase an additional 3.1
million shares to cover over-allotments, if any. The offering, including the over-allotment
option, represents approximately 25% of Cal Dives common stock currently outstanding and if
completed would eliminate Helixs ownership interest in the Company. Helix will receive all net
proceeds from the secondary offering.
In connection with the offering, Credit Suisse Securities (USA) LLC and
BofA Merrill Lynch are
acting as joint book-running managers and Capital One Southcoast, Inc. and Natixis Bleichroeder
Inc. are acting as co-managers for the offering.
Cal Dive has filed a registration statement, including a prospectus, with the Securities and
Exchange Commission for the offering to which this communication relates. Before investing,
investors should read the prospectus in that registration statement, the accompanying prospectus
supplement, and other documents Cal Dive has filed with the SEC for more complete information about
Cal Dive and this offering.
Investors may obtain these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov.
Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange
to send the prospectus and the prospectus supplement upon request by
contacting Credit Suisse Securities (USA) LLC at Prospectus Dept., One Madison Avenue, New York, NY 10010,
1-800-221-1037 or BofA Merrill Lynch at 4 World Financial Center, New York, NY 10080, attn:
Prospectus Department.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor
shall there be any sale of these securities in any jurisdiction in which such offer, solicitation
or sale would be unlawful prior to the registration or qualification under the securities laws of
any such jurisdiction.
Cal Dive International, Inc., headquartered in Houston, Texas, is a marine contractor that provides
an integrated offshore construction solution to its customers, including manned diving, pipelay and
pipe burial, platform installation and platform salvage services to the offshore oil and natural
gas industry on the Gulf of Mexico OCS, Northeastern U.S., Latin America, Southeast Asia,
Australia, the Middle East, India and the Mediterranean, with a fleet of 31 vessels, including 21
surface and saturation diving support vessels and 10 construction barges.