COVINGTON, La. , July 15, 2019 /PRNewswire/ -- Hornbeck Offshore Services, Inc. (NYSE: HOS) announced today that it will release its second quarter 2019 financial results after the market closes on Wednesday, ...
COVINGTON, La., July 8, 2019 /PRNewswire/ -- Hornbeck Offshore Services, Inc. (HOS) ("the Company") announced today that on June 28, 2019, the Company entered into a new $100 million senior secured asset-based revolving credit facility (the "Senior Credit Facility"). The fully-funded Senior Credit Facility is secured by first priority liens on certain eligible receivables, certain restricted cash amounts and related assets. The Senior Credit Facility enhances the Company's financial flexibility and is comprised of two tranches that will rebalance each month based on the variable eligible receivables-backed borrowing base.
COVINGTON, La. , Oct. 8, 2019 /PRNewswire/ -- Hornbeck Offshore Services, Inc. (NYSE: HOS) announced today that it will release its third quarter 2019 financial results after the market closes on Wednesday, ...
COVINGTON, La., Aug. 22, 2019 /PRNewswire/ -- Hornbeck Offshore Services, Inc. (HOS) (the "Company") announced today that it has received written notice from the New York Stock Exchange (the "NYSE") that the Company is not in compliance with the NYSE continued listing standard set forth in Rule 802.01C of the NYSE Listed Company Manual, which requires the average closing price of the Company's common stock to be at least $1.00 per share over a period of 30 consecutive trading days.
Q3 2019 Hornbeck Offshore Services Inc Earnings Call
Hornbeck Offshore Services, Inc. (NYSE:HOS, OTCQB:HOSS) (the "Company") announced today that the Company and certain of its subsidiaries have entered into a restructuring support agreement (the "Restructuring Support Agreement") with secured lenders holding approximately 83% of the Company's aggregate secured indebtedness and unsecured noteholders holding approximately 79% of the Company's aggregate unsecured notes outstanding related to a balance sheet restructuring of the Company expected to be implemented through a voluntary pre-packaged Chapter 11 case in the United States Bankruptcy Court for the Southern District of Texas in the coming weeks with a targeted completion date prior to the end of the second quarter of 2020.
If you want to know who really controls Hornbeck Offshore Services, Inc. (NYSE:HOS), then you'll have to look at the...
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Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Hornbeck Offshore Services, Inc. New York, April 08, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Hornbeck Offshore Services, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's assessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers, which was followed by a rating committee.
Q2 2019 Hornbeck Offshore Services Inc Earnings Call
Long term investing works well, but it doesn't always work for each individual stock. We really hate to see fellow...
Hornbeck Offshore Services, Inc. (NYSE:HOS, OTCQB:HOSS) (the "Company") announced today that with the support of a super-majority of the holders of the Company's Existing Notes (defined below) and a majority of the Company's stockholders, it has commenced private offers to exchange (the "Exchange Offers") any and all of its outstanding 5.875% Senior Notes due 2020 (the "2020 Notes") and 5.000% Senior Notes due 2021 (the "2021 Notes" and, together with the 2020 Notes, the "Existing Notes") for a combination of its newly issued 10.000% Senior Notes due 2023 (the "2023 Senior Notes") and 5.500% Senior Notes due 2025 (the "2025 Senior Notes" and, together with the 2023 Senior Notes, the "New Notes") and a private offer to purchase (the "Cash Tender Offer" and, together with the Exchange Offers, the "Offers") for cash up to $66.7 million in aggregate principal amount (the "Tender Cap") of Existing Notes upon the terms and conditions set forth in a confidential Offering Memorandum and Consent Solicitation Statement dated February 14, 2020 (the "Offering Memorandum").
Todd Hornbeck has been the CEO of Hornbeck Offshore Services, Inc. (NYSE:HOS) since 2002. This report will, first...
Hornbeck Offshore Services, Inc. (OTCQB:HOSS) (the "Company") announced today that it has launched a solicitation of votes from its lenders and unsecured noteholders in support of a prepackaged chapter 11 plan of reorganization (the "Plan"). As previously announced, pursuant to a restructuring support agreement, the Company has the support of secured lenders holding approximately 83% of the Company's aggregate secured indebtedness and unsecured noteholders holding approximately 79% of the Company's aggregate unsecured notes outstanding for the Plan. The Company intends to commence a voluntary prepackaged chapter 11 filing in the United States Bankruptcy Court for the Southern District of Texas, Houston Division (the "Court") within the coming days, and to seek a hearing on June 19, 2020 for confirmation of the Plan following the conclusion of the solicitation period.
Moody's Investors Service, ("Moody's") downgraded Hornbeck Offshore Services, Inc.'s (Hornbeck) Probability of Default Rating (PDR) to D-PD from Caa3-PD/LD following Hornbeck's May 19, 2020 voluntary filing of petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas. The Chapter 11 bankruptcy filing has resulted in a downgrade of Hornbeck's PDR to D-PD.
Hornbeck Offshore Services, Inc. (NYSE: HOS, OTCQB: HOSS) (the "Company") announced today that it has terminated its previously announced (i) private offers to exchange (the "Exchange Offers") any and all of its outstanding 5.875% Senior Notes due 2020 (the "2020 Notes") and 5.000% Senior Notes due 2021 (the "2021 Notes" and, together with the 2020 Notes, the "Existing Notes") for a combination of new 10.000% Senior Notes due 2023 and 5.500% Senior Notes due 2025, (ii) private offer to purchase (together with the Exchange Offers, the "Offers") for cash up to $66.7 million in aggregate principal amount of Existing Notes and (iii) solicitation of consents to proposed amendments of and releases related to the indentures governing the Existing Notes.
COVINGTON, La. , July 31, 2019 /PRNewswire/ -- Hornbeck Offshore Services, Inc. (NYSE:HOS) announced today results for the second quarter ended June 30 , 2019. Following is an executive summary for this ...
Concurrently, Moody's affirmed Hornbeck's Caa3 Corporate Family Rating (CFR) and Ca senior unsecured notes rating. On March 31, 2020, Hornbeck announced that it entered into forbearance agreements with first lien lenders, second lien lenders and holders of senior unsecured notes, for these creditors to forbear until April 20, 2020, from exercising certain of their rights and remedies with respect to certain defaults by the company.
COVINGTON, La. , Oct. 30, 2019 /PRNewswire/ -- Hornbeck Offshore Services, Inc. (NYSE:HOS) announced today results for the third quarter ended September 30 , 2019. Following is an executive summary for ...
Hornbeck Offshore Services, Inc. (NYSE:HOS) announced today that it expects its common stock to commence trading on the OTC Pink marketplace ("OTC Pink"), effective December 23, 2019. OTC Markets Group Inc. operates the world's largest electronic marketplace for broker-dealers to trade unlisted stocks, including the OTC Pink.