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HORNBECK OFFSHORE SERVICES, INC. ANNOUNCES OFFERING OF 3,500,000 SHARES OF COMMON STOCK

 GALVESTON, Texas, May 28 /PRNewswire/ -- Hornbeck Offshore Services, Inc. (NASDAQ-NMS: HOSS) announced today that it has filed a registration statement with the Securities and Exchange Commission relating to a proposed public offering by Hornbeck of 3,500,000 shares of its common stock, $.10 par value per share, of which 2,500,000 shares are being offered by Hornbeck in a primary offering and 1,000,000 shares are being offered by certain stockholders in a secondary offering. Merrill Lynch & Co. and The Robinson-Humphrey Company, Inc. will serve as co-managing underwriters for the proposed offering.
 The selling stockholders have granted the underwriters an option for 30 days to purchase up to an additional 525,000 shares solely to cover over-allotments. Hornbeck will not be issuing any shares to cover over- allotments.
 The net proceeds to Hornbeck from the sale of the common stock are expected to be used to finance the acquisition of a 49.9 percent equity interest in Ravensworth Investments Limited, an Isle of Man corporation, to repay certain indebtedness, and to redeem or purchase Hornbeck's outstanding Series 1 Preferred Stock. Any proceeds not so utilized will be used for possible future acquisitions and for general corporate purposes.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 Copies of the offering prospectus may be obtained from Merrill Lynch & Co., 250 Vesey St., New York, N.Y., 10281, or from The Robinson- Humphrey Company, Inc., 10th Floor - South Tower, 3333 Peachtree Road, N.E., Atlanta, Ga., 30326.
 Hornbeck is engaged in the worldwide offshore marine services business, primarily serving the oil and gas industry through its operation and management of a diversified fleet of 50 vessels. The fleet consists of supply, tug-supply, utility, crew and various specialty service vessels. The company maintains its corporate headquarters in Galveston and has additional operating offices in Morgan City and Houma, La. The company's common stock is traded on the NASDAQ National Market System under the symbol "HOSS."
 -0- 5/28/93
 /CONTACT: Robert W. Hampton, VP, treasurer and CFO of Hornbeck Offshore Services, Inc., 409-744-9500 or 713-488-0067/
 (HOSS)


CO: Hornbeck Offshore Services, Inc. ST: Texas IN: OIL SU: OFR

CK -- NY016 -- 3319 05/28/93 10:14 EDT
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Publication:PR Newswire
Date:May 28, 1993
Words:453
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