Press Release
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Hornbeck Offshore CEO to Ring New York Stock Exchange Closing Bell(TM)
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COVINGTON, La., Sept. 30 /PRNewswire-FirstCall/ -- Hornbeck Offshore Services, Inc. (NYSE: HOS) announced today that Todd M. Hornbeck, Chairman, President and Chief Executive Officer, will ring The Closing Bell(TM) at the New York Stock Exchange today, Friday, September 30, 2005 at 4:00 p.m. Eastern time. This event marks the pricing of the Company's recent public stock offering and private placement of 6.125% senior notes that will raise approximately $290 million in aggregate gross proceeds for the Company. These combined proceeds will fund, in part, two new vessel construction programs announced on Monday, September 26, 2005. Mr. Hornbeck stated, "Hornbeck Offshore is a proud member of the New York Stock Exchange and believes it enhances our ability to raise growth capital at the lowest possible cost." Hornbeck Offshore Services, Inc. is a leading provider of technologically advanced, new generation offshore supply vessels primarily in the U.S. Gulf of Mexico, Trinidad and other select international markets, and is a leading transporter of petroleum products through its fleet of ocean-going tugs and tank barges primarily in the northeastern U.S. and in Puerto Rico. Hornbeck Offshore currently owns and operates a fleet of over 50 U.S.-flagged 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 |