Hercules Offshore, Inc. Emerges from Bankruptcy
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November 10, 2015 6:44 AM EST
Deutsche Bank upgraded Hercules Offshore (NASDAQ: HERO) from Sell to Hold with a price target of $7.00. The change follows the company's restructuring.
Analyst Mike Urban said, "Following HERO's emergence from Ch. 11, we are upgrading to HOLD from SELL and increasing our target... More
November 6, 2015 4:00 PM EST
Hercules Offshore (NASDAQ: HERO) announced today that it has completed its financial restructuring and emerged from Chapter 11, and funding of the Company's new $450 million senior secured credit facility has been completed.
"Today marks the beginning of a new chapter for Hercules. Proactively restructuring our balance sheet early in the cycle generated significant benefits for Hercules including substantial debt reduction and added liquidity that will... More
