Hornbeck Offshore secures new $300m credit facility

Looks like HOS is getting ready to make some moves:

“The company will use the new credit facility for working capital and general corporate purposes, including the acquisition of distressed assets and the refinancing of existing debt.”

http://splash247.com/hornbeck-offshore-secures-new-300m-credit-facility/

1 Like

#powermovesonly

They will use this money for survival not expansion. I will also buy some stock while it’s down.

1 Like