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    Hornbeck Offshore planning IPO to finance newbuilds and acquisitions

    News // September 29, 2003
    Hornbeck Offshore Services has filed with the SEC for an initial public offering worth up to US$86 million.

    In the filing, Hornbeck said it expected to use proceeds from the offering to help fund construction of ocean-going double hulled tank barges, retrofit of existing vessels, future acquisitions and general corporate purposes.

    The initial filing did not specify how many shares Hornbeck plans to offer in the IPO, or at what prices.

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