Hornbeck Offshore Services (HOS) Announces Cash Offer to Purchase All 6.125% Senior Notes due 2014
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Hornbeck Offshore Services, Inc. (NYSE: HOS) announced today that it has commenced a cash tender offer to purchase any and all of its $300,000,000 outstanding aggregate principal amount 6.125% Senior Notes due 2014 (CUSIP 440543 AB 2). In connection with the Offer, the Company is soliciting consents (the "Consent Solicitation") to proposed amendments that would eliminate most of the restrictive covenants and default provisions contained in the indenture governing the Notes (the "Indenture").
The Offer is scheduled to expire at 11:59 p.m., New York City time, on March 29, 2012, unless extended or earlier terminated (the "Expiration Time"). Holders who validly tender their Notes and provide their consents to the amendments to the Indenture before 5:00 p.m., New York City time, on March 15, 2012, unless extended, will be eligible to receive the Total Consideration.
The Offer is scheduled to expire at 11:59 p.m., New York City time, on March 29, 2012, unless extended or earlier terminated (the "Expiration Time"). Holders who validly tender their Notes and provide their consents to the amendments to the Indenture before 5:00 p.m., New York City time, on March 15, 2012, unless extended, will be eligible to receive the Total Consideration.
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