U.S. offshore vessel operator Hornbeck Offshore has entered into a restructuring support agreement for comprehensive balance sheet restructuring. Hornbeck’s deal with lenders and noteholders will provide it $100 million of new equity capital upon emergence from Chapter 11 bankruptcy.

Hornbeck Offshore said on Tuesday that the company and certain of its subsidiaries had entered into a restructuring support agreement with secured lenders holding approximately 83% of the company’s aggregate secured indebtedness and unsecured noteholders holding approximately 79% of the company’s aggregate unsecured notes outstanding.