Hornbeck Offshore Services Inc fka HOSSQ

[uber darthium]

Yeah, going to be a bit harder for HOSed to come up with more borrowed money to pay for the borrowed money they owe in 2020. Of course, they can always restructure those notes and push the maturity out even further than 2025 and this will only cost them more borrowed money which they will go find so the can keep borrowing to pay for already borrowed money ever increasing their debt until one day it implodes.

Waiting for the HOSed PR release announcing 2028 bonds at 30-40%

Wonder what foolish credit facility will keep this scam going ? One day HOSed will be forced to admit over half its fleet is scrap and write down the losses on the books. Boats cannot stay years in the water with no maintenance.