[SCHEDULE 13G/A] Helix Acquisition Corp. II SEC Filing

Rhea-AI Filing Summary

Equitable Holdings (EQH) 8-K – New Revolving Credit Facility

On 29 Jul 2025 EQH entered into a five-year senior unsecured revolving credit agreement with JPMorgan Chase Bank, N.A. and a syndicate of banks. The facility provides up to $1.0 billion in aggregate commitments, usable for cash borrowings or letters of credit for subsidiary account parties. It replaces the company’s prior $1.5 billion unsecured revolver dated 16 Feb 2018, which was terminated the same day. Full terms will be filed with the Q3-25 10-Q.

• Liquidity impact: Multi-year access to committed capital, but capacity falls by $0.5 billion (-33%).
• Capital structure: Facility remains unsecured, indicating lender confidence in EQH’s credit quality.
• Maturity: Commitment extends to 2030, supporting funding flexibility ahead of potential market volatility.

No earnings metrics or other operational updates were disclosed.

Positive

• Secured a new $1 billion five-year senior unsecured revolving credit facility, extending committed liquidity to 2030.
• Facility remains unsecured, reflecting syndicate confidence in Equitable Holdings’ creditworthiness.

Negative

• Revolver size reduced by $0.5 billion (-33%) compared with the terminated 2018 facility, lowering short-term liquidity headroom.
• Key pricing grids and covenant terms were not disclosed, leaving uncertainty around borrowing cost and flexibility.

Insights

Credit Analyst

TL;DR: Neutral-slightly positive; new $1 bn unsecured revolver extends tenor but trims capacity 33%, maintaining liquidity without added collateral.

The unsecured nature and five-year term suggest banks remain comfortable with EQH’s credit profile. Although the headline limit drops to $1 bn, the company may simply be right-sizing unused capacity, saving commitment fees. Absence of covenants details prevents full assessment, yet shifting to 2030 maturity secures funding through multiple cycles. Overall liquidity remains strong relative to recent cash needs, so the credit move is broadly neutral for bondholders and modestly supportive for equity.

Portfolio Manager

TL;DR: Slight negative; smaller line cuts backup liquidity & could constrain future buybacks unless cash generation stays robust.

A 33% reduction in available revolver capacity lowers the emergency buffer for unforeseen market stress. If capital markets tighten, EQH may rely on costlier funding or curb shareholder returns. Investors will watch pricing grids and leverage covenants when filed. Until those terms are known, I view the change as modestly adverse to the equity risk-reward, though not immediately material to valuation.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Helix Acquisition Corp. II

(Name of Issuer)

Class A Ordinary Shares, par value $0.0001 per share

(Title of Class of Securities)

G4444H101

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. G4444H101

1

Names of Reporting Persons

Integrated Core Strategies (US) LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 833,125.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 833,125.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

833,125.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.4 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP No. G4444H101

1

Names of Reporting Persons

Millennium Management LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 897,251.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 897,251.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

897,251.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.7 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP No. G4444H101

1

Names of Reporting Persons

Millennium Group Management LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 897,251.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 897,251.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

897,251.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.7 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP No. G4444H101

1

Names of Reporting Persons

Israel A. Englander

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 897,251.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 897,251.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

897,251.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.7 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Helix Acquisition Corp. II
(b)	Address of issuer's principal executive offices: Cormorant Asset Management, LP, 200 Clarendon Street, 52nd Floor, Boston, Massachusetts 02116
Item 2.
(a)	Name of person filing: Integrated Core Strategies (US) LLC Millennium Management LLC Millennium Group Management LLC Israel A. Englander
(b)	Address or principal business office or, if none, residence: Integrated Core Strategies (US) LLC c/o Millennium Management LLC 399 Park Avenue New York, New York 10022 Millennium Management LLC 399 Park Avenue New York, New York 10022 Millennium Group Management LLC 399 Park Avenue New York, New York 10022 Israel A. Englander c/o Millennium Management LLC 399 Park Avenue New York, New York 10022
(c)	Citizenship: Integrated Core Strategies (US) LLC - Delaware Millennium Management LLC - Delaware Millennium Group Management LLC - Delaware Israel A. Englander - United States
(d)	Title of class of securities: Class A Ordinary Shares, par value $0.0001 per share
(e)	CUSIP No.: G4444H101
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See response to Item 9 on each cover page.
(b)	Percent of class: See response to Item 11 on each cover page.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See response to Item 5 on each cover page.
	(ii) Shared power to vote or to direct the vote: See response to Item 6 on each cover page.
	(iii) Sole power to dispose or to direct the disposition of: See response to Item 7 on each cover page.
	(iv) Shared power to dispose or to direct the disposition of: See response to Item 8 on each cover page. The securities disclosed herein as potentially beneficially owned by Millennium Management LLC, Millennium Group Management LLC and Mr. Englander are held by entities subject to voting control and investment discretion by Millennium Management LLC and/or other investment managers that may be controlled by Millennium Group Management LLC (the managing member of Millennium Management LLC) and Mr. Englander (the sole voting trustee of the managing member of Millennium Group Management LLC). The foregoing should not be construed in and of itself as an admission by Millennium Management LLC, Millennium Group Management LLC or Mr. Englander as to beneficial ownership of the securities held by such entities.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group. See Exhibit I
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Integrated Core Strategies (US) LLC

Signature:	/s/ Gil Raviv
Name/Title:	Gil Raviv, Global General Counsel
Date:	07/29/2025

Millennium Management LLC

Signature:	/s/ Gil Raviv
Name/Title:	Gil Raviv, Global General Counsel
Date:	07/29/2025

Millennium Group Management LLC

Signature:	/s/ Gil Raviv
Name/Title:	Gil Raviv, Global General Counsel
Date:	07/29/2025

Israel A. Englander

Signature:	/s/ Israel A. Englander
Name/Title:	Israel A. Englander
Date:	07/29/2025

Comments accompanying signature: ** INTEGRATED CORE STRATEGIES (US) LLC By: Integrated Holding Group LP, its Managing Member By: Millennium Management LLC, its General Partner

Exhibit Information

Exhibit I: Joint Filing Agreement, dated as of July 29, 2025, by and among Integrated Core Strategies (US) LLC, Millennium Management LLC, Millennium Group Management LLC and Israel A. Englander.

FAQ

What did Equitable Holdings (EQH) disclose in its latest 8-K?

The company entered a new $1 billion, five-year senior unsecured revolving credit agreement and terminated its previous $1.5 billion facility.

How large is the new revolving credit facility for EQH?

The facility provides up to $1.0 billion in aggregate commitments, all of which can be cash borrowings or letters of credit.

Which bank is the administrative agent for the new EQH revolver?

JPMorgan Chase Bank, N.A. serves as the Administrative Agent under the agreement.

How does the new facility compare to the previous one?

It is $500 million smaller than the $1.5 billion revolver established in 2018, but maintains an unsecured structure.

Does the 8-K include any earnings or financial results?

No. The filing addresses only the new credit agreement and related termination; no earnings data were provided.