Oct 8 (Reuters) - Hercules Offshore Inc on
Thursday sold $300 million of senior secured notes in the 144a
private placement market, said IFR, a Thomson Reuters service.
UBS, Bank of America, Deutsche Bank and Morgan Stanley were the joint bookrunning managers for the sale.
BORROWER: HERCULES OFFSHORE INC
AMT $300 MLN COUPON 10.50 PCT MATURITY 10/15/2017 TYPE SR SEC NOTES ISS PRICE 97.383 FIRST PAY 4/15/2010 MOODY'S B2 YIELD 11.0 PCT SETTLEMENT 10/20/2009 S&P DOUBLE-B SPREAD 778.9 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS NON-CALLABLE 4 YEARS*
* MAKE-WHOLE CALL 50 BPS
Keywords: HERCULESOFFSHORE DEBT/NOTES (New Issue by Thomson Reuters; +1-646-223-6886; e-mail: uscorpbonds@reuters.com) 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.
UBS, Bank of America, Deutsche Bank and Morgan Stanley were the joint bookrunning managers for the sale.
BORROWER: HERCULES OFFSHORE INC
AMT $300 MLN COUPON 10.50 PCT MATURITY 10/15/2017 TYPE SR SEC NOTES ISS PRICE 97.383 FIRST PAY 4/15/2010 MOODY'S B2 YIELD 11.0 PCT SETTLEMENT 10/20/2009 S&P DOUBLE-B SPREAD 778.9 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS NON-CALLABLE 4 YEARS*
* MAKE-WHOLE CALL 50 BPS
Keywords: HERCULESOFFSHORE DEBT/NOTES (New Issue by Thomson Reuters; +1-646-223-6886; e-mail: uscorpbonds@reuters.com) 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
