Hornbeck Offshore Services Inc. - 2012-03-05

Description

Agreed to sell $375,000,000 aggregate principal amount of its 5.875% Senior Notes due 2020. This represents a $25.0 million increase from the aggregate transaction size announced earlier. The closing is expected to occur March 16, 2012. The Company intends to use net to fund the purchase price of its cash tender offer for any and all of its 6.125% senior notes due 2014. The remaining proceeds will be used for general corporate purposes, which may include retirement of other debt or funding for the acquisition, construction or retrofit of vessels.

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Estimated Price
$375.0MM
Financing Type
Report Date