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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13G
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UNDER THE SECURITIES EXCHANGE ACT OF 1934
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HORNBECK OFFSHORE SERVICES, INC. (Name of Issuer) |
Common Stock, par value $0.00001 per share (Title of Class of Securities) |
(CUSIP Number) |
09/01/2026 (Date of Event Which Requires Filing of this Statement) |
| Check the appropriate box to designate the rule pursuant to which this Schedule is filed: |
 Rule 13d-1(b)
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 Rule 13d-1(c)
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| Rule 13d-1(d)
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SCHEDULE 13G
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| CUSIP No. |
| 1 | Names of Reporting Persons
WHITEBOX ADVISORS LLC | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
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| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
DELAWARE
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
37,873,696.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
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| 11 | Percent of class represented by amount in row (9)
15 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
IA |
SCHEDULE 13G
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| CUSIP No. |
| 1 | Names of Reporting Persons
WHITEBOX GENERAL PARTNER LLC | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
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| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
DELAWARE
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
37,873,696.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
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| 11 | Percent of class represented by amount in row (9)
15 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
OO |
SCHEDULE 13G
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| CUSIP No. |
| 1 | Names of Reporting Persons
Whitebox Multi-Strategy Partners, LP | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
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| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
CAYMAN ISLANDS
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
19,491,691.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
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| 11 | Percent of class represented by amount in row (9)
8.2 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
PN |
SCHEDULE 13G
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| Item 1. | ||
| (a) | Name of issuer:
HORNBECK OFFSHORE SERVICES, INC. | |
| (b) | Address of issuer's principal executive offices:
103 Northpark Boulevard, Suite 300, Covington, Louisiana 70433 | |
| Item 2. | ||
| (a) | Name of person filing:
This statement is filed by:
(i) Whitebox Advisors LLC, a Delaware limited liability company ("WA");
(ii) Whitebox General Partner LLC, a Delaware limited liability company ("WGP"); and
(iii) Whitebox Multi-Strategy Partners, LP, a Cayman Islands exempted limited partnership ("WMP" and, together with WA and WGP, the "Reporting Persons"). | |
| (b) | Address or principal business office or, if none, residence:
The address of the business office of WA and WGP is:
3033 Excelsior Boulevard
Suite 500
Minneapolis, MN 55416
The address of the business office of WMP is:
Mourant Governance Services (Cayman) Limited
94 Solaris Avenue, Camana Bay
PO Box 1348
Grand Cayman, KY1-1108
Cayman Islands | |
| (c) | Citizenship:
WA and WGP are organized under the laws of the State of Delaware. WMP is organized under the laws of the Cayman Islands. | |
| (d) | Title of class of securities:
Common Stock, par value $0.00001 per share | |
| (e) | CUSIP No.:
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| Item 3. | If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: | |
| (a) | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
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| (b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
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| (c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
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| (d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
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| (e) | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
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| (f) | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
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| (g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
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| (h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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| (i) | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
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| (j) | A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution: | |
| (k) | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
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| Item 4. | Ownership | |
| (a) | Amount beneficially owned:
As of the date hereof, each of WA and WGP is deemed to be the beneficial owner of 37,873,696 shares of Common Stock, as a result of WA's clients' ownership of (i) 8,239,303 shares of Common Stock and (ii) 29,634,393 shares of Common Stock underlying 2,885,061 warrants, each exercisable to purchase 10.27167 shares of Common Stock at $0.00001 per share (the "Jones Act Warrants"), subject to the Beneficial Ownership Limitation (defined below).
As of the date hereof, WMP may be deemed to be the beneficial owner of 19,491,691 shares of Common Stock, as a result of its ownership of (i) 3,002,569 shares of Common Stock and (ii) 16,489,122 shares of Common Stock underlying the Jones Act Warrants, subject to the Beneficial Ownership Limitation.
The Jones Act Warrants are subject to certain restrictions on ownership of the Issuer's capital stock by non-U.S. citizens, including a beneficial ownership limitation (the "Beneficial Ownership Limitation") that prevents any holder that cannot establish to the Issuer's reasonable satisfaction that it is a "U.S. Citizen" within the meaning of the U.S. citizenship and cabotage laws commonly referred to as the "Jones Act" (principally 46 U.S.C. Section 50501(a), (b), and (d) and 46 U.S.C. Chapters 121 and 551) from exercising the Jones Act Warrants to the extent that, after giving effect to the issuance of shares of Common Stock upon such exercise, the holder would beneficially own more than 4.9% of the shares of Common Stock outstanding.
Based solely on the application of the Beneficial Ownership Limitation to each of WA's clients individually, and based on 222,293,745 shares of Common Stock outstanding as of September 9, 2026, provided by the Issuer, the 2,885,061 Jones Act Warrants held by WA's clients' are currently exercisable for up to an aggregate 21,441,616 shares of Common Stock, including 1,605,301 Jones Act Warrants held by WMP that are currently exercisable for up to 8,296,345 shares of Common Stock. | |
| (b) | Percent of class:
As of the date hereof, each of WA and WGP is deemed to beneficially own approximately 15.0% of the shares of Common Stock outstanding.
This percent of class was calculated based on the sum of (i) 222,293,745 shares of Common Stock outstanding as of September 9, 2026, provided by the Issuer, and (ii) 29,634,393 shares of Common Stock that WA and WGP have the right to acquire upon exercise of the Jones Act Warrants, subject to the Beneficial Ownership Limitation, which amount has been added to the shares of Common Stock outstanding in accordance with Rule 13d-3(d)(1)(i) under the Securities Exchange Act of 1934, as amended.
As of the date hereof, WMP is deemed to beneficially own approximately 8.2% of the shares of Common Stock outstanding.
This percent of class was calculated based on the sum of (i) 222,293,745 shares of Common Stock outstanding as of September 9, 2026, provided by the Issuer, and (ii) 16,489,122 shares of Common Stock that WMP has the right to acquire upon exercise of the Jones Act Warrants, subject to the Beneficial Ownership Limitation, which amount has been added to the shares of Common Stock outstanding in accordance with Rule 13d-3(d)(1)(i) under the Securities Exchange Act of 1934, as amended. Subject to the Beneficial Ownership Limitation, the Jones Act Warrants held by WMP are currently exercisable for up to an aggregate 8,296,345 shares of Common Stock, such that WMP may currently be deemed to beneficially own approximately 4.9% of the shares of Common Stock outstanding. %
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| (c) | Number of shares as to which the person has:
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| (i) Sole power to vote or to direct the vote:
WA and WGP: 0
WMP: 0 | ||
| (ii) Shared power to vote or to direct the vote:
WA and WGP: 37,873,696
WMP: 19,491,691 | ||
| (iii) Sole power to dispose or to direct the disposition of:
WA and WGP: 0
WMP: 0 | ||
| (iv) Shared power to dispose or to direct the disposition of:
WA and WGP: 37,873,696
WMP: 19,491,691 | ||
| Item 5. | Ownership of 5 Percent or Less of a Class. | |
| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. | |
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
WA's clients, including WMP, are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock covered by this Statement that may be deemed to be beneficially owned by the Reporting Persons. | ||
| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. | |
Not Applicable
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| Item 8. | Identification and Classification of Members of the Group. | |
Not Applicable
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| Item 9. | Notice of Dissolution of Group. | |
Not Applicable
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| Item 10. | Certifications: |
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11. |
| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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Exhibit Information
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Exhibit A - Joint Filing Agreement, dated September 9, 2026, by and among the Reporting Persons |
AGREEMENT
Each of the undersigned hereby consents and agrees to this joint filing to Schedule 13G for the Common Stock of Hornbeck Offshore Services, Inc.
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September 9, 2026
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(Date)
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WHITEBOX ADVISORS LLC
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/s/ Muqu Karim
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(Signature)
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Muqu Karim
Chief Operating Officer & Chief Financial Officer
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(Name/Title)
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September 9, 2026
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(Date)
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WHITEBOX GENERAL PARTNER LLC
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/s/ Muqu Karim
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(Signature)
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Muqu Karim
Authorized Signatory
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(Name/Title)
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September 9, 2026
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(Date)
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Whitebox Multi-Strategy Partners, LP
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/s/ Muqu Karim
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(Signature)
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Muqu Karim
Authorized Signatory
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(Name/Title)
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