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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): SEPTEMBER 9, 1997
HALTER MARINE GROUP, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 1-12159 75-2656828
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
13085 INDUSTRIAL SEAWAY ROAD,
GULFPORT, MISSISSIPPI 39503
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 601/896-0029
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ITEM 5. OTHER EVENTS
On September 10, 1997, Halter Marine Group, Inc. ("Halter") issued a
press release (the "Press Release") regarding the commencement of its
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 September 10, 1997
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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: September 10, 1997 By: /s/ Keith L. Voigts
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Keith L. Voigts
Senior Vice President
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EXHIBIT 99.10
Press Release
For Release: September 10, 1997
Contact: Rick S. Rees, Executive Vice-President
Keith Voigts, Senior Vice-President and CFO
601-896-0029
HALTER MARINE GROUP COMMENCES CONVERTIBLE NOTE OFFERING
GULFPORT, Miss. . .Halter Marine Group, Inc. (AMEX:HLX) announced today that it
has commenced a Rule 144A offering of $160,000,000 aggregate principal amount of
convertible subordinated notes (the "Notes"). The initial purchasers of the
Notes have an option to purchase up to an additional principal amount of
$25,000,000 of Notes solely to cover over-allotments. The Notes will bear
interest at 4.5% per annum and will be convertible, at the election of the
holder, into shares of the Company's common stock at a conversion rate
equivalent to a conversion price of $47.25 per share. 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.
It is anticipated that the proceeds of the offering will be used to repay
the Company's entire indebtedness under its senior credit facility and for
general corporate purposes. The consummation of the offering, which is subject
to certain customary conditions, is expected to occur on or about September 15,
1997.
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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