Hornbeck Offshore Services plans to offer $200 million in senior notes due 2017

Hornbeck Offshore Services offering notes

COVINGTON, La. — Hornbeck Offshore Services Inc., which provides supply vessels for the petroleum industry, said Wednesday it plans to offer about $200 million in senior notes due 2017.

The company said it will use proceeds to repay debt under its revolving credit facility, which may be reborrowed. Remaining proceeds could be used for general corporate purposes.

Hornbeck is also a short-haul transporter of petroleum products through its coastwise fleet of ocean-going tugs and tank barges primarily in the northeastern U.S. and the U.S. Gulf of Mexico. It owns more than 80 vessels primarily serving the energy industry.

Shares of Hornbeck closed at $21.31 on Tuesday.