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): August 26, 1997
HALTER MARINE GROUP, INC.
(Exact name of registrant as specified in its charter)
Delaware 1-12159 75-2656828
(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification No.)
of 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
<PAGE>
Item 5. Other Events
On August 26, 1997, Halter Marine Group, Inc. ("Halter")
issued a press release (the "Press Release") regarding
its intention to make a Rule 144A offering of convertible
subordinated debt. For additional information, 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
August 26, 1997
<PAGE>
SIGNATURE
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.
Date: August 26, 1997 By: /s/ John Dane III
John Dane III
President and Chief
Executive Officer
<PAGE>
EXHIBIT 99.10
Press Release
For Release: August 26, 1997
Contact: Rick 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 intends to make a Rule 144A offering of convertible
subordinated notes (the "Notes"). It is currently contemplated
that the offering will involve between $125 million and $150
million of Notes, although the size and terms of the offering are
subject to change. The Notes will be convertible, at the election
of the holder, into shares of the Company's common stock. 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 for general corporate purposes. It is anticipated that the
offering will be completed by mid September.
Halter Marine Group, Inc. includes 20 shipyards in Texas,
Louisiana, Mississippi and Florida. The company specializes in
the design, construction, conversion and repair of a wide variety
of vessels and mobile offshore rigs for energy, commercial,
government/military and pleasure boat markets. Shipyards of the
Halter Marine Group have built more than 2,000 vessels in the
past 40 years.
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