Hornbeck Offshore redeems remaining $47.8 million of 6 1/8% notes

By Tali David

Minneapolis, May 4 - Hornbeck Offshore Services, Inc. redeemed the remaining balance of $47,795,000 principal amount of its 6 1/8% senior notes due 2014, according to an 8-K filed with the Securities and Exchange Commission.

The notes were redeemed at $1,010.21 per $1,000 principal amount, or a total of about $48,283,000, plus accrued interest.

The company settled tenders for $252,205,000 of its $300 million notes in March. The remaining amount was redeemed on April 30.

The transaction was funded with proceeds raised in the company's March issuance of $375 million principal amount of 5 7/8% senior notes due 2020.

Hornbeck is a Covington, La.-based provider of offshore supply vessels.

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