Hornbeck Offshore Services, Inc. (HOS) said Thursday that it closed the sale of $450 million in aggregate principal amount of its 5.000% Senior Notes due 2021 in a private placement.
The net proceeds to the company from the offering were about $442.4 million, after deducting initial purchaser discounts and fees and expenses of the offering.
The company said it used about $252.7 million of such proceeds to repurchase about 93.85% of the outstanding $250 million in aggregate principal amount of its 8.000% Senior Notes due 2017 pursuant to its previously announced tender offer and consent solicitation for the 8.000% Notes. The remaining proceeds will be used to repurchase or redeem the about 6.15% of the 8.000% Notes that remain outstanding and 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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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.