COVINGTON, La., Aug. 13 /PRNewswire-FirstCall/ -- Hornbeck Offshore Services, Inc. (NYSE: HOS) announced today that it has agreed to sell $250,000,000 aggregate principal amount of its 8.000% Senior Notes due 2017 (the "Senior Notes") in a private placement pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). This represents a $50.0 million increase from the aggregate transaction size announced August 12, 2009. The closing is expected to occur August 17, 2009, subject to customary closing conditions.

The Company intends to use the net proceeds of approximately $237.3 million from the sale of the Senior Notes, after deducting discounts, commissions and estimated expenses, to repay debt under its revolving credit facility, which may be reborrowed. Any remaining net proceeds will be used for general corporate purposes, which may include the retirement of other debt. Because the Senior Notes will not be registered under the Securities Act or applicable state securities laws, the Senior Notes may not be offered or sold in the United States absent registration or available exemption from such registration requirements. This news release does not constitute an offer to sell or a solicitation of an offer to buy the Senior Notes.

Hornbeck Offshore Services, Inc. is a leading provider of technologically advanced, new generation offshore supply vessels primarily in the U.S. Gulf of Mexico and Latin America, and is a leading short-haul transporter of petroleum products through its coastwise fleet of ocean-going tugs and tank barges primarily in the northeastern U.S. and the U.S. Gulf of Mexico. Hornbeck Offshore currently owns a fleet of over 80 vessels primarily serving the energy industry.

Forward-Looking Statements

This news release contains forward-looking statements, including, in particular, statements about Hornbeck Offshore's plans and intentions. These have been based on the Company's current assumptions, expectations and projections about future events. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, the Company can give no assurance that the expectations will prove to be correct.

Contacts: Todd Hornbeck, CEO
Jim Harp, CFO
Hornbeck Offshore Services
985-727-6802

Ken Dennard, Managing Partner
DRG&E / 713-529-6600

SOURCE Hornbeck Offshore Services, Inc.