Hornbeck Offshore Services 8-K 2005
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT: January 14, 2005
(Date of earliest event reported)
Hornbeck Offshore Services, Inc.
(Exact Name of Registrant as Specified in Its Charter)
(Registrants Telephone Number, Including Area Code)
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Item 8.01 Other Events
In accordance with the Notice of Redemption mailed December 10, 2004, on January 14, 2005, Hornbeck Offshore Services, Inc. (the
Company) redeemed the remaining balance of $15,546,000 in aggregate principal amount of its
Based on the Companys estimated annual effective tax rate, the Company expects to record an after-tax loss on early extinguishment of debt of approximately $14.7 million in connection with the repurchase of $159,454,000 in aggregate principal amount of its 2001 Notes in the fourth quarter of 2004. The per share impact of this loss is expected to be $0.75 per diluted share for the year ended December 31, 2004 and $0.70 per diluted share for the fourth quarter 2004. Further, it expects to record an after-tax loss on early extinguishment of debt of approximately $1.1 million, or $0.05 per diluted share, during the first quarter 2005 in connection with the January 14, 2005 redemption. The loss on early extinguishment of debt was comprised of a bond redemption premium, related fees and expenses and the write-off of unamortized original issue discount and deferred financing costs related to the repurchase and redemption of the 2001 Notes.
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.