NEW YORK (Standard&Poor's) July 25, 2007--Standard&Poor's Ratings Services said today that its corporate credit rating, senior unsecured rating, and outlook on Hornbeck Offshore Services Inc. (BB-/Stable/--) are not affected by the announcement that the company has entered into an agreement to acquire Nabors Industries Inc.'s Sea Mar fleet of 20 offshore supply vessels (OSV) for $186 million. At the same time, Hornbeck agreed to acquire a 285-foot OSV currently under construction for Sea Mar. Expected delivery is in the fourth quarter of 2008, when the company will enter into a four-year contract. The total cost of the OSV should be roughly $34 million, with $7.3 million paid to Nabors at the close of the Sea Mar
