Hornbeck Offshore (HOS +4.3%) gains after saying it was increasing its 6.75M share offering to...

|About: Hornbeck Offshore Services,... (HOS)|By:, SA News Editor

Hornbeck Offshore (HOS +4.3%) gains after saying it was increasing its 6.75M share offering to 7M due to heavy demand, and had priced it at $30, only a slight discount to Wednesday's close. The company is using the funds to build 16 new-generation offshore supply vessels, with an option to build an additional 16.