Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Hornbeck Offshore Services, Inc.    HOS

Delayed Quote. Delayed  - 07/22 10:02:02 pm
8.12 USD   -2.40%
07/21 HORNBECK OFFSHO : Announces Second Quarter 2016 Earnings Release And..
05/05 HORNBECK OFFSHO : reports 1Q loss
05/04 HORNBECK OFFSHO : Announces First Quarter 2016 Results
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Hornbeck Offshore Services, Inc. : Hornbeck Offshore Announces Expiration of Cash Tender Offer for its 6.125% Senior Notes due 2014 and Initiation of Related Redemption

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/03/2012 | 12:05pm CEST

COVINGTON, La., April 3, 2012 /PRNewswire/ -- Hornbeck Offshore Services, Inc. (NYSE: HOS) (the "Company") announced today that the previously commenced cash tender offer (the "Offer") for any and all $300,000,000 aggregate principal amount of its 6.125% Senior Notes due 2014 (CUSIP 440543 AB 2) (the "2004 Notes"), expired as scheduled at 11:59 p.m. Eastern time on March 29, 2012 (the "Expiration Time"). Including the tendered 2004 Notes that the Company had announced receiving on March 15, 2012, the Company accepted and made payment for $252,205,000 in aggregate principal amount of 2004 Notes validly tendered pursuant to the Offer.

The Company also announced today that, on April 30, 2012, it will redeem the entire balance of $47,795,000 in aggregate principal amount of 2004 Notes that remain outstanding at a redemption price to be calculated in accordance with the indenture governing the 2004 Notes (the "Indenture") and as set forth in the Notice of Redemption. The Company delivered copies of the Notice of Redemption to The Depository Trust Company, as record holder for the 2004 Notes, on March 30, 2012. The redemption will be funded with proceeds raised in the Company's recent issuance of $375 million in aggregate principal amount of 5.875% Senior Notes due 2020.

The Company is a leading provider of technologically advanced, new generation offshore supply vessels in the U.S. Gulf of Mexico and Latin America, and is a leading short-haul transporter of petroleum products through its coastwise fleet of ocean-going tugs and tank barges in the northeastern U.S. and the U.S. Gulf of Mexico. The Company currently owns a fleet of 80 vessels primarily serving the energy industry.

Forward-Looking Statements
This news release contains forward-looking statements, including, in particular, statements about the Company's plans and intentions to redeem the 2004 Notes. These have been based on the Company's current assumptions, expectations and projections about future events. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, the Company can give no assurance that the expectations will prove to be correct.

    Contacts:                  Todd Hornbeck, CEO
                               Jim Harp, CFO
                               Hornbeck Offshore Services
                               985-727-6802

                                Ken Dennard, Managing
                                Partner
                               DRG&L / 713-529-6600

SOURCE Hornbeck Offshore Services, Inc.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on HORNBECK OFFSHORE SERVICES
07/21 HORNBECK OFFSHORE SERVICES : Announces Second Quarter 2016 Earnings Release And ..
06/20 HORNBECK OFFSHORE SERVICES INC /LA : Regulation FD Disclosure (form 8-K)
06/17 HORNBECK OFFSHORE SERVICES INC /LA : Submission of Matters to a Vote of Security..
05/05 HORNBECK OFFSHORE SERVICES : reports 1Q loss
05/04 HORNBECK OFFSHORE SERVICES : Announces First Quarter 2016 Results
04/12 HORNBECK OFFSHORE SERVICES : Announces First Quarter 2016 Earnings Release And C..
02/18 HORNBECK OFFSHORE SERVICES : reports 4Q loss
02/17 HORNBECK OFFSHORE SERVICES : Announces Fourth Quarter 2015 Results
02/02 HORNBECK OFFSHORE SERVICES : Announces Fourth Quarter 2015 Earnings Release And ..
01/11 HORNBECK OFFSHORE SERVICES, INC. : Oil & Gas Equipment & Services Stocks Technic..
More news
Sector news : Oil & Gas Transportation Services - NEC
07/20DJCanada's Enbridge Fined for 2010 Michigan, Illinois Oil Spills
07/20DJCanada's Enbridge Fined for 2010 Michigan, Illinois Oil Spills
07/15 ENBRIDGE : BoE's Carney warns of $7 trillion green infrastructure need
07/15 Exclusive - Enbridge, Macquarie vying for stake in 2 billion euro German wind..
07/11DJKinder Morgan, Southern Agree to Gas Pipeline Venture -- WSJ
More sector news : Oil & Gas Transportation Services - NEC
News from SeekingAlpha
05/19 HORNBECK OFFSHORE SERVICES : Should Its Cash Last?
05/05 Hornbeck Offshore Services (Louisiana) (HOS) Todd M. Hornbeck on Q1 2016 Resu..
05/05 Hornbeck Offshore Services (HOS) Q1 2016 Results - Earnings Call Webcast
05/04 Hornbeck Offshore beats by $0.08, misses on revenue
05/03 Notable earnings after Wednesday?s close