Hornbeck Offshore to Commence Exchange Offer for $450,000,000 of 5.000% Senior
Notes Due 2021
COVINGTON, La., Aug. 30, 2013
COVINGTON, La., Aug. 30, 2013 /PRNewswire/ --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 1933 (the "Act"), for an equal aggregate principal
amount of its 5.000% Series B Senior Notes due 2021 (CUSIP 440543 AQ 9) (the
"New Notes"). The issuance of the New Notes has been registered under the Act.
The form and terms of the New Notes are substantially the same as the form and
terms of the Old Notes issued in March 2013. The primary difference is that
the issuance of the New Notes has been registered under the Act and,
therefore, the New Notes will be freely tradable by persons who are not
affiliated with Hornbeck Offshore and will not contain terms relating to
registration rights. The New Notes evidence the same debt as the Old Notes
they replace and are issued under and entitled to the benefits of the
indenture that governs the Old Notes.
Hornbeck Offshore will accept for exchange any and all original notes validly
tendered in principal amounts equal to the minimum denomination of $2,000 and
integral multiples of $1,000 in excess thereof and not validly withdrawn
before the expiration time of 5:00 p.m., New York City time on September 24,
2013 (the "Expiration Time"), unless extended. Original notes validly
tendered may be withdrawn at any time before the Expiration Time only in
accordance with the withdrawal rights set forth in the exchange offer
prospectus under the caption "Exchange Offer — Withdrawal of Tenders."
Copies of the exchange offer prospectus and related transmittal materials
governing the exchange offer may be obtained from the exchange agent, Wells
Fargo Bank, N.A., Corporate Trust Operations, MAC N9303-121, Sixth & Marquette
Avenue, Minneapolis, Minnesota 55479 or by calling 1-800-344-5128.
This release is not an offer to sell or a solicitation of an offer to purchase
the New Notes or an offer to purchase or solicitation of an offer to sell the
Hornbeck Offshore Services, Inc. is a leading provider of technologically
advanced, new generation offshore supply vessels primarily in the U.S. Gulf of
Mexico and Latin America. Hornbeck Offshore currently owns a fleet of 58
vessels primarily serving the energy industry and has 23 additional high-spec
Upstream vessels under construction for delivery on various dates through
This news release contains forward-looking statements, including, in
particular, statements about Hornbeck Offshore's plans and intentions with
respect to the exchange of New Notes for Old 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
Ken Dennard, Managing Partner
Dennard-Lascar / 713-529-6600
SOURCE Hornbeck Offshore Services, Inc.
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