SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 24, 1997
HALTER MARINE GROUP, INC.
(Exact name of registrant as specified in its charter)
Delaware 001-12159 75-2656828
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
13085 Industrial Seaway Road, Gulfport, Mississippi 39503
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (601)896-0029
(Not Applicable)
(Former name or former address, if changed since last report)
<PAGE>
INFORMATION TO BE INCLUDED IN THE REPORT
Item 5. Other Events.
On July 24, 1997, Halter Marine Group, Inc. ("Halter") issued
a press release (the "Press Release") announcing its contemplation
of a Rule 144A offering of debt securities. For additional
information regarding the offering, reference is made to the Press
Release, a copy of which is attached as an exhibit hereto.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
Exhibit 99.10 - Press Release of Registrant dated July
24, 1997
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
HALTER MARINE GROUP, INC.
(Registrant)
By: _______________________
John Dane, III
Chairman, President and
Chief Executive Officer
Date: July ___, 1997
<PAGE>
EXHIBIT INDEX
Exhibit
Number Description of Exhibits
99.10 Press Release of Registrant dated July 24, 1997.
<PAGE>
PRESS RELEASE
For release: July 24, 1997
Contact: Risk S. Rees, Executive Vice-President
Keith Voigts, Senior Vice-President and CFO
601-896-0029
GULFPORT, Miss...Halter Marine Group, Inc. (AMEX:HLX) announced
today that it is in the process of preparing a Rule 144A offering
of debt securities. It is currently contemplated that the offering
will involve $100 million of debt securities, although the size and
terms of the offering are subject to change. The securities
offered in the Rule 144A offering will not be registered under the
Securities Act of 1933 and may not be offered or sold in the United
States absent registration or an applicable exemption from the
registration requirements.
If completed, the proceeds of the offering will be used to
repay the Company's indebtedness under its senior credit facility,
and to repay the principal amount of promissory notes issued in
connection with the acquisition of Texas Drydock, Inc. (now TDI-
HALTER, Inc.). It is anticipated that the offering will be
completed by mid September.
Halter Marine Group, Inc. includes 17 shipyards in Texas,
Louisiana, Mississippi and Florida. The company specializes in the
design, construction, conversion and repair of a wide variety of
vessels for energy, commercial, government/military and pleasure
boat markets as well as mobile offshore drilling units. Shipyards
of the Halter Marine Group have built more than 2,000 vessels in
the past 40 years.
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