Hornbeck Offshore Services, Inc. (HOS) announced Wednesday the pricing of its private offering of $260 million of convertible senior notes, due 2019.
The convertible notes will pay interest semiannually at a rate of 1.5% and will be convertible into cash, shares of the company's common stock or a combination of cash and shares of the company's common stock, at the Company's election, based on the applicable conversion rate at such time.
The company also granted a 30-day option to the initial purchasers to buy up to an additional $40 million worth convertible Notes.
The offering is expected to close on or about August 13, 2012, subject to customary closing conditions.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.