Hornbeck Offshore ups revolver to $125M, ends $120M ABL in merger
Hornbeck Offshore Services increased its first-lien revolving credit facility to $125 million and lifted uncommitted incremental capacity to $175 million as its mergers closed, and terminated a $120 million ABL facility tied to Helix.
Hornbeck Offshore Services executed a series of financing and capital-structure actions tied to the closing of its mergers.
The company increased its first-lien revolving credit facility to $125 million and lifted uncommitted incremental capacity to $175 million, enhancing liquidity.
It also amende…