Hornbeck Offshore Services Inc., Covington, La., (NYSE: HOS) has received tenders and consents from holders of approximately 84% of the aggregate principal amount of its 6.125% senior notes due 2014.
The company intends to execute a supplemental indenture with respect to the indenture governing the notes, which will eliminate most of the restrictive covenants and default provisions contained in the indenture governing the notes. The Supplemental Indenture will not become operative until a majority in aggregate principal amount of the notes has been purchased by the company pursuant to the ...