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) April 15, 1998
HORIZON OFFSHORE, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-23653 76-0494934
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
2500 City West Boulevard, Suite 2200, Houston, Texas 77042
(Address of principal executive office) (Zip Code)
(713) 361-2600
(Registrant's telephone number, including area code)
N/A
(Former name or former address, if changed since last report.)
Item 2. Acquisition or Disposition of Assets
On December 4, 1997, Horizon Offshore, Inc. (the
"Company"), entered into an alliance agreement with Det
Sondenfjelds-Norske Dampskibsselskab ASA ("DSND") pursuant to
which, among other things, DSND agreed to sell the DSND
Stephaniturm, a 230-foot North Sea class, dynamically positioned
diving support vessel, to the Company. On April 15, 1998, the
Company acquired the vessel from DSND for $17.5 million. The
purchase price was determined through arm's length negotiations
between the Company and DSND and was paid with a portion of the
proceeds of the Company's initial public offering on April 1,
1998. The Company will charter the vessel to DSND for $3.0
million until August 31, 1998. As of April 15, 1998, DSND held
21.6% of the Company's outstanding common stock.
Item 7. Financial Statements and Exhibits
(c) Exhibits.
10.1 Memorandum of Agreement between DSND Shipping AS and
Horizon Vessels, Inc., dated as of December 4, 1997.
Incorporated herein by reference to Exhibit 10.12 to
the Company's Registration Statement on Form S-1,
Registration No. 333-43965 (the "Registration
Statement").
10.2 "Barecon 89" Standard Bareboat Charter. Incorporated
herein by reference to Exhibit 10.12 to the
Registration Statement.
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.
HORIZON OFFSHORE, INC.
By: /s/ David W. Sharp
David W. Sharp
Executive Vice President and
Chief Financial Officer
Dated: April 29, 1998
