Oct 8 (Reuters) - Hercules Offshore Inc:
* Prices private placement of senior secured notes
* Says priced a private placement of $300 million of senior secured notes due
2017
* Says notes will bear interest at a rate of 10.5% per annum
* Plans to use proceeds to repay portion of indebtedness outstanding under its
term loan facility
* Says notes are being sold at 97.383% of their face amount to yield 11.0%
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Prices private placement of senior secured notes
* Says priced a private placement of $300 million of senior secured notes due
2017
* Says notes will bear interest at a rate of 10.5% per annum
* Plans to use proceeds to repay portion of indebtedness outstanding under its
term loan facility
* Says notes are being sold at 97.383% of their face amount to yield 11.0%
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
© 2009 AFX News
