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Hornbeck Offshore Services, Inc. $300 Million First-Lien Term Loan Facility

Davis Polk advised the initial lenders in connection with a $300 million first-lien term loan credit facility by and among Hornbeck Offshore Services, Inc., as parent borrower, Hornbeck Offshore Services, LLC, as co-borrower, such initial lenders and the administrative agent and collateral agent for the lenders. In connection therewith, Hornbeck terminated its existing $200 million existing senior secured revolving credit facility. 

Headquartered in Covington, Louisiana, Hornbeck Offshore Services, Inc. is a provider of marine transportation, subsea installation and accommodation support services to exploration and production, oilfield service, offshore construction and U.S. military customers. 

The Davis Polk credit and corporate team included partners Kenneth J. Steinberg, Damian S. Schaible and Byron B. Rooney and associates Scott M. Herrig, Angela M. Libby, Kwesi Larbi-Siaw and Stephen D. Piraino. Partner Rachel D. Kleinberg provided tax advice. Members of the Davis Polk team are based in the New York and Northern California offices.