SEC Filings

8-K
HORNBECK OFFSHORE SERVICES INC /LA filed this Form 8-K on 08/07/2003
Entire Document
 
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ITEM 5 - OTHER EVENTS

     On August 6, 2003, HOS-IV, LLC, a wholly-owned subsidiary of Hornbeck
Offshore Services, Inc. (the "Company"), completed the acquisition of a 220-foot
deepwater offshore supply vessel ("OSV") from Candy Marine Investment
Corporation ("Candy"). The closing of the transaction was effected after
satisfying certain conditions precedent to closing including, among other
things, receipt during July 2003 of $13.5 million in proceeds relating to our
previously announced $30.0 million private equity offering and the satisfactory
completion of a drydocking and survey of the OSV in early August. The purchase
price of $9.0 million was negotiated by the parties on an arms-length basis. The
Company plans to continue operating the acquired OSV, which was renamed the HOS
Mariner, in the deepwater Gulf of Mexico. In connection with the acquisition,
the Company was also granted options to purchase three 180-ft offshore supply
vessels from Candy for an aggregate exercise price of $4.5 million. Such options
expire on August 6, 2004.

     The Asset Purchase and Option Agreement and the Amendment No. 1 to the
Asset Purchase and Option Agreement detailing the terms of the acquisition are
attached hereto as Exhibits 99.1 and 99.2, respectively, and are incorporated
herein by reference. The foregoing description of the terms of the acquisition
does not purport to be complete and is qualified by reference to such Exhibits.


ITEM 7 - FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS

         (c) Exhibits.

         99.1   Asset Purchase and Option Agreement dated as of June 20, 2003 by
                and among HOS-IV, LLC, Candy Marine Investment Corporation,
                Candy Fleet Corporation and Kenneth I. Nelkin, and joined for
                limited purposes by Hornbeck Offshore Services, Inc. and Candy
                Cruiser, Inc.

         99.2   Amendment No. 1 to Asset Purchase and Option Agreement dated
                July 30, 2003 by and among HOS-IV, LLC, Candy Marine Investment
                Corporation, Candy Fleet Corporation and Kenneth I. Nelkin

         99.3   Press Release, dated August 7, 2003


ITEM 12 - RESULTS OF OPERATIONS AND FINANCIAL CONDITION

         The information in this Current Report is being furnished pursuant to
Item 12 of Form 8-K and according to general instruction B.6. thereunder, the
information in this Current Report shall not be deemed "filed" for the purposes
of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the
liabilities of that Section. The information in this Current Report shall not be
incorporated by reference into any registration statement pursuant to the
Securities Act of 1933.

         On August 7, 2003, Hornbeck Offshore Services, Inc., a Delaware
corporation (the "Company"), announced the results of its operations for the
three months ended June 30, 2003, 

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