Item 1.01. Entry into a Material Definitive Agreement
The parties to the Restructuring Support Agreement agreed to certain customary
terms and conditions including certain milestone dates, which milestones may be
extended with the consent of the holders of a requisite amount of secured and
unsecured indebtedness and the Company. By the consent of such holders and the
Company, the milestone date for commencement of solicitation of the Plan (as
defined in the Restructuring Support Agreement) was extended to
The foregoing description of the Restructuring Support Agreement is a summary only, is not necessarily complete, and is qualified in its entirety by reference to the Restructuring Support Agreement, which is filed as Exhibit 10.1 hereto and is incorporated herein by reference.
Item 7.01 - Regulation FD Disclosure.
Restructuring Support Agreement
A copy of the press release announcing the Restructuring Support Agreement is filed as Exhibit 99.1 to this Current Report on Form 8-K.
NYSE Delisting
On
The Company's common stock is presently traded on the
Cleansing Materials
In connection with the Company's ongoing discussions with certain parties regarding the pre-packaged Chapter 11 reorganization, the Company is making a public disclosure of the materials attached hereto as Exhibit 99.2 which contain information related to the pre-packaged Chapter 11 reorganization.
The information in this Item 7.01, Exhibit 99.1 and Exhibit 99.2 attached hereto shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, and is not incorporated by reference into any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act.
Forward-Looking Statements
This communication contains forward-looking statements, including, in particular, statements about the term and the provisions of the Restructuring Support Agreement and the contemplated pre-packaged Chapter 11 reorganization. These statements are based on the Company's current assumptions, expectations and projections about future events. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, the Company can give no assurance that the expectations will prove to be correct.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. Exhibit No. Exhibit Title or Description 10.1 Restructuring Support Agreement dated as ofApril 13, 2020 by and among the Company, certain of its subsidiaries, and certain of its secured lenders and unsecured noteholders. 99.1 Press Release ofHornbeck Offshore Services, Inc. , datedApril 14, 2020 , titled "Hornbeck Offshore Enters Into Restructuring Support Agreement for Comprehensive Balance Sheet Restructuring." 99.2 Certain Cleansing Materials Provided in Accordance with Terms of Confidentiality Agreement.
© Edgar Online, source