Hornbeck Offshore Completes Exchange Offer for $450,000,000 of 5.000% Senior
Notes Due 2021
COVINGTON, La., Sept. 25, 2013
COVINGTON, La., Sept. 25, 2013 /PRNewswire/ -- Hornbeck Offshore Services,
Inc. (NYSE: HOS) announced today that it has successfully completed its offer
to exchange $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 was registered under the Act.
At the scheduled expiration time of 5:00 p.m., New York City time on September
24, 2013, $450,000,000 of aggregate principal amount, or 100%, of the Old
Notes were tendered and accepted for exchange for New Notes by Hornbeck
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.
The exchange agent for the exchange offer was Wells Fargo Bank, N.A.,
Corporate Trust Operations, MAC N9303-121, Sixth & Marquette Avenue,
Minneapolis, Minnesota 55479, 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
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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