Hornbeck Offshore to Commence Exchange Offer for $375M of 5.875% Senior Notes Due 2020

Hornbeck Offshore Services, Inc.

announced today the commencement, on Monday, July 30, 2012, of its offer to exchange any and all of the $375,000,000 aggregate principal amount of its outstanding 5.875% Series A Senior Notes due 2020 (CUSIPs 440543 AJ 5 and U44070 AD 9) (collectively, the "Old Notes"), which were issued in a private placement and sold in accordance with Rule 144A or Regulation S under the Securities Act of 1933 (the "Act"), for an equal aggregate principal amount of its 5.875% Series B Senior Notes due 2020 (CUSIP 440543 AL 0) (the "New Notes"). The issuance of the New Notes has been registered under the Act. The form and terms of the New Notes are substantially the same as the form and terms of the Old Notes issued in March 2012. The primary difference is that the issuance of the New Notes has been registered under the Act and, therefore, the New Notes will be freely tradable by persons who are not affiliated with Hornbeck Offshore and will not contain terms relating to registration rights. The New Notes evidence the same debt as the Old Notes they replace and are issued under and entitled to the benefits of the indenture that governs the Old Notes.