News & Press
Hornbeck Offshore Announces Redemption of 1.625% Convertible Senior Notes due 2026
09 / 16 / 13
September 16, 2013 — Covington, Louisiana — Hornbeck Offshore Services, Inc. (NYSE: HOS) (“Hornbeck” or “the “Company”) announced today that on September 13, 2013, it issued a notice of redemption for all of its outstanding 1.625% Convertible Senior Notes due 2026 (the “Notes”) pursuant to that certain Indenture dated as of November 13, 2006 (the “Indenture”) among the Company, the guarantors set forth therein and Wells Fargo Bank, National Association, as Trustee. ...[READ MORE]
Hornbeck Offshore to Commence Exchange Offer for $450,000,000 of 5.000% Senior Notes Due 2021
08 / 30 / 13
August 30, 2013 — Covington, Louisiana — Hornbeck Offshore Services, Inc. (NYSE: HOS) announced today the commencement, on Wednesday, August 28, 2013, of its offer to exchange any and all of the $450,000,000 aggregate principal amount of its outstanding 5.000% Series A Senior Notes due 2021 (CUSIPs 440543 AP 1 and U44070 AE 7) (collectively, the “Old Notes”), which were issued in a private placement and sold in accordance with Rule 144A or Regulation S under the Securities Act of ...[READ MORE]
Hornbeck Offshore Completes Sale of its Downstream Segment for $230 million
08 / 29 / 13
August 29, 2013 — Covington, Louisiana — Hornbeck Offshore Services, Inc. (NYSE: HOS) (“Hornbeck” or “the “Company”) announced today that it has closed the previously announced sale of substantially all of the assets and business of its Downstream segment’s tug and tank barge (“TTB”) fleet to Genesis Marine, LLC (“Genesis”), an affiliate of Genesis Energy L.P. (NYSE:GEL), for cash consideration of $230 million. The Company received approximately $224 million in ...[READ MORE]
Hornbeck Offshore Announces Second Quarter 2013 Results
07 / 31 / 13
July 31, 2013 — Covington, Louisiana — Hornbeck Offshore Services, Inc. (NYSE:HOS) announced today results for the second quarter ended June 30, 2013. Following are highlights for this period and the Company’s future outlook: Record quarterly revenue of $154.3 million for 2Q2013 was up 17% from the year-ago quarter and 5% sequentially2Q2013 operating income of $52.2 million increased 54% from the year-ago quarter and 10% sequentially2Q2013 diluted EPS of $0.65 per share ...[READ MORE]
Hornbeck Offshore Announces Definitive Agreement to Sell its Downstream Segment for $230 million
07 / 22 / 13
July 22, 2013 — Covington, Louisiana — Hornbeck Offshore Services, Inc. (NYSE: HOS) (“Hornbeck” or “the “Company”) announced today that it has entered into a definitive agreement to sell substantially all of the assets and business of its Downstream segment’s tug and tank barge (“TTB”) fleet to Genesis Marine, LLC (“Genesis”), an affiliate of Genesis Energy L.P. (NYSE:GEL), for cash consideration of $230 million. Simultaneously with the execution of the definitive ...[READ MORE]