Hornbeck Offshore Services to sell $225 million 10-year notes via Goldman Sachs

By Paul A. Harris

St. Louis, Nov. 4 - Hornbeck Offshore Services Inc. plans to sell $225 million of 10-year senior notes in a Goldman Sachs & Co.-led deal that is expected to close in late November, according to market sources.

Proceeds from the Rule 144A offering will be used to repurchase the company's 10 5/8% senior notes due 2008 and for general corporate purposes, which may include the acquisition, construction or retrofit of vessels.

Hornbeck Offshore Services is a New Orleans-based provider of offshore supply vessels in the Gulf of Mexico and select international markets, and transporter of petroleum products through its fleet of ocean-going tugs and tank barges, primarily in the northeastern U.S. and in Puerto Rico.

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