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BRIEF-Hercules Offshore files for court approval of prepackaged reorganization plan

Thu 13th August, 2015 1:29pm
Aug 13 (Reuters) - Hercules Offshore Inc  HERO.O : 
 * Files for court approval of prepackaged reorganization plan 
 * Says solicitation process yields over 99% approval of plan from senior 
   noteholders 
 * Says plan provides that trade creditors, suppliers and employees will be paid 
   in full 
 * Says chapter 11 reorganization is expected to conclude in approximately 45-60 
   days 
 * Says has sufficient resources and recurring revenue from operations to 
   continue serving its customers 
 * Says company anticipates that it will receive court authority to pay employee 
   wages and benefits without interruption 
 * Says more than 300 senior noteholders with aggregate holdings in excess of 
   $1.2 billion of senior notes have voted to accept the plan 
 
 * Source text for Eikon  ID:nPnpvrsz  
 
 * Further company coverage  HERO.O   
  ((Bengaluru Newsroom; +1 646 223 8780))
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