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Hornbeck Offshore Services Inc (HOS.N)

HOS.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Hornbeck Offshore - Co and unit enter into amendment for credit facility
Thursday, 4 Aug 2016 10:13am EDT 

Hornbeck Offshore Services : On July 29, 2016, Hornbeck Offshore Services and Hornbeck Offshore Services Inc entered into amendment to existing credit facility . Amended facility is secured by 12 offshore supply vessels . Amendment with accordion feature to increase commitments in excess of $200.0 million up to $400.0 million, pursuant to conditions . Facility secured by 12 of offshore supply vessels and associated personalty, with fair market value in excess of $400 million Source - http://bit.ly/2aXlR7b ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Hornbeck Offshore reports Q2 loss per share $0.57
Wednesday, 3 Aug 2016 05:41pm EDT 

Hornbeck Offshore Services Inc : Hornbeck offshore announces second quarter 2016 results . Q2 loss per share $0.57 . Q2 revenue $53.7 million versus i/b/e/s view $66.7 million . Q2 earnings per share view $-0.39 -- Thomson Reuters I/B/E/S . Aggregate cash operating expenses are projected to be in range of $30.0 million to $35.0 million for q3 of 2016 . Aggregate operating expenses projected to be in range of $30.0 million to $35.0 million for q3 ;$135.0 million to $145.0 million for fy . Active fleet for 2016 is expected to be comprised of an average of 19.4 new generation osvs and 6.7 mpsvs. . Active fleet for 2017 is expected to be comprised of an average of 14.0 new generation osvs and 8.0 mpsvs. . As of june 30, 2016, company had a cash balance of $224.5 million and an undrawn $300.0 million revolving credit facility. . Has three tranches of funded unsecured debt outstanding that mature in fiscal years 2019, 2020 and 2021, respectively. . By end of september 2016, company now expects to have stacked a total of 48 new gen osvs . Annualized cash opex and g&a savings are now $210 million, up from $185 million . Reached agreement with shipyard to postpone delivery of final two mpsvs and push $43 million of growth capex into 2018 . Expects to incur newbuild project costs of $9.2 million during q3 of 2016.  Full Article

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