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Hornbeck Offshore (Seite 2)


1,250
18.04.19
Frankfurt
-0,92 %
-0,012 EUR

Neuigkeiten zur Hornbeck Offshore Services Aktie


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Antwort auf Beitrag Nr.: 53.614.272 von R-BgO am 03.11.16 16:44:45
aus der Q2-Meldung:
Liquidity Outlook

As of June 30, 2017, the Company's total liquidity (cash and credit availability) was $328.5 million, comprised of $124.8 million of cash and $203.7 million of availability under the New Credit Facility, which represents an increase of $44.4 million, or 16%, from the end of the first quarter.

As of March 31, 2017, the Company's total liquidity was $284.1 million, comprised of $209.1 million of cash and $75.0 million of availability under the Old Credit Facility.

The Company projects that, even with the currently depressed operating levels, cash generated from operations together with cash on hand and availability under the New Credit Facility should be sufficient to fund its operations and commitments at least through December 31, 2019.

However, absent a significant recovery of market conditions such that cash flow from operations were to increase materially from projected levels and/or further management of its funded debt obligations, the Company does not currently expect to have sufficient liquidity to repay the full amount of its 5.875% Senior Notes and 5.000% Senior Notes as they mature in fiscal years 2020 and 2021, respectively.

The recently completed New Credit Facility was the first step in addressing the maturities of its unsecured notes. The Company remains fully cognizant of the challenges currently facing the offshore oil and gas industry and continues to review its capital structure and assess its strategic options.
Antwort auf Beitrag Nr.: 56.034.093 von R-BgO am 26.10.17 16:39:32
one year later:
Kurs ist schonmal rund 60% vorgelaufen...


Liquidity Outlook

As of June 30, 2018,

the Company's total liquidity (cash and credit availability) was $245.8 million, comprised of $109.1 million of cash and $136.7 million of availability under its First-Lien Credit Facility, which represents a decrease of $61.7 million, or 20.1%, from the end of the first quarter.

The Company projects that, even with the currently depressed operating levels, cash generated from operations together with cash on hand and remaining availability under its First-Lien Credit Facility should be sufficient to fund its operations and commitments through at least December 31, 2019.

However, absent the combination of a significant recovery of market conditions such that cash flow from operations were to increase materially from projected levels, coupled with a refinancing and/or further management of its funded debt obligations, the Company does not currently expect to have sufficient liquidity to repay the full amount of its 5.875% Senior Notes and 5.000% Senior Notes as they mature in fiscal years 2020 and 2021, respectively.

The Company remains fully cognizant of the challenges currently facing the offshore oil and gas industry and continues to review its capital structure and assess its strategic options.
Antwort auf Beitrag Nr.: 58.885.677 von R-BgO am 06.10.18 14:45:30Hornbeck Offshore Announces Retirement Or Refinancing Of $73 Million Of 2019 Convertible Notes And $11 Million Of 2020 Notes

COVINGTON, La., March 6, 2019 /PRNewswire/ --

Hornbeck Offshore Services, Inc. (NYSE:HOS) (the "Company") announced today that, on March 1, 2019, it borrowed an additional $50.0 million of first-lien term loans under its First Lien Term Loan Agreement, comprised of $30.1 million in cash of new financing and $19.9 million of exchanged loans.

Approximately $21.0 million in face value of its 1.5% Convertible Senior Notes due 2019 (the "2019 Notes") were exchanged in a privately negotiated debt-for-debt exchange for such $19.9 million of additional first-lien term loans.

In addition, on March 5, 2019, the Company effected a privately negotiated exchange of $11.0 million in face value of its 5.875% Senior Notes due 2020 (the "2020 Notes") for an additional $9,350,000 of second-lien term loans under its Second Lien Term Loan Agreement.

In a series of recent private transactions, the Company eliminated approximately $73.9 million in principal amount of 2019 Notes for an aggregate purchase price of approximately $67.2 million, consisting of approximately $47.3 million of cash repurchases and a debt-for-debt exchange of approximately $19.9 million of incremental first-lien term loans, plus payment of accrued and unpaid interest thereon and fees and expenses.

After giving effect to the first-lien term loan expansion and the note repurchases and exchanges, the aggregate balance outstanding under the Company's
(w) first-lien term loans due 2023 have increased from $300.0 million to $350.0 million;
(x) second-lien term loans due 2025 have increased from $111.9 million to $121.2 million;
(y) 2019 Notes have decreased from $99.6 million to $25.8 million; and
(z) 2020 Notes have decreased from $235.1 million to $224.3 million.

When combined with the Company's February 7, 2019 private debt-for-debt exchange of $131.6 million of its 2020 senior notes for $111.9 million of second-lien term loans, the Company has now refinanced approximately 73% and 39% of the face value of its 2019 convertible notes and 2020 senior notes that were outstanding on December 31, 2018, respectively. The cumulative effect of these actions resulted in extinguishing or refinancing approximately $216.5 million in near-term debt, while using only $19.5 million of cash, excluding legal and other advisory fees.

For further details, please see the Current Report on Form 8-K dated March 1, 2019 filed with the SEC today, March 6, 2019.

Oppenheimer & Co. Inc. acted as Exclusive Financial Advisor on the privately negotiated exchange and follow-on transactions.

Hornbeck Offshore Services, Inc. is a leading provider of technologically advanced, new generation offshore service vessels primarily in the Gulf of Mexico and Latin America.


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