Supply vessel operator Hornbeck Offshore Services prices 6mm shares at $13, the bottom of the range

Hornbeck Offshore Services, an operator of offshore supply vessels and barges in the Gulf of Mexico, priced its 6 million share offering at $13 a share, the bottom of its $13-$15 range. The offshore supply vessel company has the second largest next-generation fleet of vessels in the Gulf of Mexico with an estimated 17% market share. In 2003, Hornbeck generated more than $54 million in operating cash flow, up 15% over the prior year. Goldman Sachs was the lead manager on the deal. The stock is expected to open for trading on Friday under the symbol “HOS” on the NYSE.