Hercules Offshore, Inc. announced that, after receiving votes on the Company's pre-packaged Chapter 11 Plan (the "Plan") from lenders holding approximately 99.7% of the Company's first lien debt (the "lenders"), with all such lenders voting to accept...
Read Story
June 06, 2016, 07:44 AM
|
Hercules Offshore announced it has completed its financial restructuring and emerged from Chapter 11, and funding of the company's new $450 million senior secured credit facility has been completed."Today marks the beginning of a new chapter for...
Read Story
November 09, 2015, 07:08 AM
|
Hercules Offshore, Inc.'s prepackaged bankruptcy filed last week may be a leading indicator of further bankruptcies among other challenged high yield (HY) offshore drillers, according to Fitch Ratings.Hercules' restructuring plan involves the...
Read Story
August 17, 2015, 07:28 AM
|
Hercules Offshore, Inc. has filed a pre-packaged plan of reorganization under Chapter 11 of the U.S. Bankruptcy Code to continue its financial restructuring of the company. The company anticipates that, among other things, it will receive court...
Read Story
August 14, 2015, 07:25 AM
|