September 21, 2003

Hornbeck Offshore plans IPO
Hornbeck Offshore Services Inc. filed on Friday with the SEC for an initial public offering worth up to $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.

Goldman Sachs & Co., Jefferies & Company, Simmons & Company and Johnson Rice & Company will underwrite Hornbeck's IPO, according to the preliminary prospectus.