Hornbeck Offshore Services, Inc. (NYSE:HOS) Files An 8-K Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure.
On January 7, 2019, Hornbeck Offshore Services, Inc. (the “Company”) issued a press release announcing that it has commenced a private offer to exchange (the “Exchange Offer”) up to $200 million aggregate principal amount of its outstanding 5.875% Senior Notes due 2020 (the “Notes”) for new Second Lien Term Loans due 2025 (the “Term Loans”) of the Company and its wholly-owned subsidiary, Hornbeck Offshore Services, LLC (the “Co-Borrower”), and a solicitation of consents to proposed amendments with respect to the Notes (the “Consent Solicitation”).
The terms and conditions of the Exchange Offer and Consent Solicitation are set forth in the Company’s confidential Offer to Exchange and Consent Solicitation Statement, dated January 7, 2019. A copy of the press release announcing the Exchange Offer and the Consent Solicitation is furnished as Exhibit 99.1 hereto and incorporated by reference herein.
This information is furnished to Item 7.01 of Form 8-K and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, unless the Company specifically incorporates it by reference in a document filed under the Securities Act of 1933, as amended, or the Exchange Act. By filing this Current Report on Form 8-K and furnishing this information, the Company makes no admission as to the materiality of any information in this report that is required to be disclosed solely by reason of Regulation FD.
Item 8.01. Other Events.
On December 31, 2018, Hornbeck Offshore Services, Inc. (the “Company”) and Hornbeck Offshore Services, LLC (the “Co-Borrower” and together with the Company, the “Borrowers”) drew the remaining $136,678,000 available under the Borrowers’ existing first-lien delayed-draw term loan credit facility, which is now fully funded at $300,000,000 aggregate principal amount as of December 31, 2018.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
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99.1 |
Press release dated January 7, 2019
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HORNBECK OFFSHORE SERVICES INC /LA Exhibit
EX-99.1 2 ex-991_01072019.htm EXHIBIT 99.1 Exhibit Exhibit 99.1 NEWS RELEASE 19-001 Contacts: Todd Hornbeck,…
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About Hornbeck Offshore Services, Inc. (NYSE:HOS)
Hornbeck Offshore Services Inc. provides marine transportation, subsea installation and accommodation support services to exploration and production, oilfield service, offshore construction and the United States military customers. The Company focuses on providing marine solutions for the deepwater and ultradeepwater energy industry in domestic and select foreign locations. The Company, through its subsidiaries, operates offshore supply vessels (OSVs), multi-purpose support vessels (MPSVs), and a shore-base facility to provide logistics support and specialty services to the offshore oil and gas exploration and production industry, primarily in the United States, Gulf of Mexico, Latin America and selected international markets. Its OSVs and MPSVs support the deep-well, deepwater and ultra-deepwater activities of the offshore oil and gas industry. It provides vessel management services for other vessel owners, such as crewing, daily operational management and maintenance activities.