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Hercules Offshore expects to emerge from bankruptcy in Q4

Thu 23rd July, 2015 5:10pm
July 23 (Reuters) - Rig provider Hercules Offshore Inc 
 HERO.O  said on Thursday that it expects to file for Chapter 11 
protection next month and emerge with a restructured balance 
sheet in the fourth quarter. 
    The company said last month that it had entered into a 
restructuring agreement with a majority of its debtors and would 
file for Chapter 11 protection by July 8.  ID:nL3N0Z43SR  
    Hercules shares were down 5.8 percent at 15.35 cents on 
Thursday afternoon. 
 
 (Reporting by Sneha Banerjee and Narottam Medhora in Bengaluru; 
Editing by Savio D'Souza) 
 ((sneha.banerjee@thomsonreuters.com; within U.S. +1 646 223 
8780, outside U.S. +91 80 6749 1130; ; Reuters Messaging: 
sneha.banerjee.thomsonreuters.com@reuters.net)) 
 
Keywords: HERCULES OFFSHRE BANKRUPTCY/
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