Hercules Offshore Prices $300M In Senior Notes
Stock quotes in this article:
HERO
HOUSTON (AP) — Hercules Offshore Inc. said Thursday it has priced a private placement of $300 million in senior secured notes due 2017.
The notes will bear an interest rate of 10.5 percent, and are being sold at 97.383 percent of face value, so they will yield 11 percent. The offering is expected to close around Oct. 20. The oil and gas drilling company said it intends to use net proceeds to pay off debt. Shares of the company rose 26 cents, or 5.1 percent, to close at $5.32 on Thursday.- Loading Comments...
- Loading Comments...
Recent Comments
Featured Photo Galleries
Connect with TheStreet
 |
 |
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,390.11 | 1,103.25 | 2,189.61 | 34.48 |
Oil *
76.70
|
|
UP
1.21
|
DOWN
2.73
|
DOWN
4.74
|
DOWN
0.35
|
10 Yr
3.45%
SPDR Gold
113.11
|
|
+0.01%
|
-0.25%
|
-0.22%
|
-1.00%
|
Data delayed 20 minutes |
