Hornbeck offshore news

Chapter bankruptcy protection, having reorganized the busi. Ken Dennar Managing Partner. The plan implements a previously announced restructuring support agreement negotiated with the company’s lenders and note holders.

By the end of June, the company received approval for its reorganization plan from the U. District Court for the Southern District of Texas.

From the first filing to exit, the process. The New York-listed company said in an SEC filing that it has reached an agreement with lenders and holders of the company’s unsecured 5. April 2 from exercising certain. HOS) announced yesterday that its common stock commenced trading on the OTC Pink marketplace (OTC Pink) Dec. The transition to the “pink sheets” comes after the New York Stock Exchange (NYSE) announced that trading of HOS common stock was suspended after the market closed on Dec. Get REAL that makes Sense of it all.

Achieve Genuine Hope for a Better Future! The company says it emerged Sept.

OTCQB:HOSS) (the Company) announced today that it has launched a solicitation of votes from its lenders and. The MarketWatch News Department was not involved in the creation of this content. WFMZ-TV News provides news , weather, traffic, sports and family programming for the Lehigh Valley, Berks County.

Gulf of Mexico and Latin America. Of course, keep in mind that there are other factors to consider, too. President of Western Oceanics, Inc. Senior Notes pursuant to. For stocks, Probability Of Bankruptcy is the normalized value of Z-Score.

For funds and ETFs it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next months. Unlike Z-Score, Probability Of Bankruptcy is the value. Do the numbers hold clues to what lies ahead for the stock?

The six-year term of the New Credit Facility extends the maturity of the Old Credit Facility from. A recent 13G filing with the SEC shows that the fund now owns 2. With insightful features to assist commercial and investment banks, private equity, investment and hedge funds, shipowners and operators, lawyers and more the VesselsValue system is a strong companion for your business. M worth of HOS stock.

All directors own at least a couple hundred thousand worth of stock.

Return on Sales is likely to drop (7). It is so much cheaper to start back on land. With new technologies such as fracking, and oil no where near the highs of a few years ago, it is hard to see how they begin to make money again. Offshore is now the last thing to come back online. In the last year, its revenue is up.

Sadly for shareholders, earnings per share are actually down, over three years. How Does Todd Hornbeck ’s Compensation Compare With Similar Sized Companies? One of four previously offloaded MacGregor cranes was brought out of off-berth storage using lines of SPMTs (self-propelled modular transporters). The ad hoc committee holds over $4million of Hornbeck ’s unsecured senior notes.

This contract includes an option for the purchase of a fourth blocking vessel, which, if exercise would bring the cumulative value of this contract to $1500000.