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Hornbeck Offshore closes $450M private placement

Simmons & Co. Inc.

Hornbeck Offshore Services Inc. (NYSE: HOS) has closed the sale of $450 million principal amount of 5.000% Senior Notes due 2021 in a private placement.

The company used the net proceeds to repurchase approximately 93.85% of its outstanding $250 million principal amount of 8.000% Senior Notes due 2017 pursuant to its previously announced tender offer and consent solicitation. The remaining net proceeds will be used to repurchase or redeem approximately 6.15% of the 8.000% Senior Notes due 2017 that remain outstanding and for general corporate purposes, which may include retirement of other debt or funding for the acquisition, construction or retrofit of vessels.


Hornbeck Offshore Services Saylor 240 Class AHTSV


Hornbeck is a provider of offshore supply vessels primarily in the US Gulf of Mexico and Latin America, and is a short-haul transporter of petroleum products through its coastwise fleet of ocean-going tugs and tank barges, primarily in the northeastern US and the US Gulf of Mexico.

Simmons & Company International served as a co-manager on the debt offering.

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