Hercules' bankruptcy avoidance labours

HERCULES Offshore has struck terms with its senior note holders to convert $US1.2 billion of debt into equity and then pump in a further $450 million of fresh debt.

Hercules' bankruptcy avoidance labours Hercules' bankruptcy avoidance labours Hercules' bankruptcy avoidance labours Hercules' bankruptcy avoidance labours Hercules' bankruptcy avoidance labours

The NASDAQ-listed Hercules says its senior noteholders, who control almost 67% of the company's aggregate outstanding notes due by 2019, have agreed to support the transaction that will allow the oil

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