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    Hornbeck Offshore announces pricing of public equity offering

    Company News // November 11, 2011

    Hornbeck Offshore Services has announced that it has increased the size of its underwritten public offering of shares of its common stock from 6,750,000 shares to 7,000,000 shares and priced the offering at a price to the public of US$30.00 per share, for total gross proceeds of US$210,000,000 before underwriting discounts, commissions and offering expenses.

    The company has granted the underwriters a 30-day option to purchase up to an additional 1,050,000 shares. The Offering is expected to close on November 16, 2011, subject to customary conditions.

    The company intends to use the net proceeds from the offering to partially fund its latest newbuild construction program comprised of new generation offshore supply vessels, which was announced on November 7, 2011.

    In addition, the proceeds may be used in connection with possible future acquisitions and additional new vessel construction, as well as for general corporate purposes.


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