Hercules Offshore, Inc. Bankruptcy New Filing Alert: Motion For Authority To Obtain Debtor-In-Possession Financing

On August 14, 2015, a motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Hercules Offshore, Inc. and its affiliates.

The filing was assigned docket number 54 and is described on the court’s official docket as follows:

Motion to Shorten Debtors Motion For Entry Of An Order Shortening Time For Notice Of A Hearing To (I) Consider The Motion Of Hercules Offshore, Inc., et al., For An Order (I) Authorizing (A) Assumption Of Exit Financing Commitment Letter, (B) Payment Of Related Fees And Expenses, And (C) Indemnification Of Commitment Parties And (II) (A) Approving Subscription Procedures For Other Pre-Petition Noteholders To Participate In The Proposed First Lien Exit Facility And (B) Authorizing The Subscription Process With Respect To The Other Pre-Petition Noteholders And (II) Setting Related Dates And Deadlines (related document(s)[53]) Filed by Hercules Offshore, Inc.. (Attachments: # (1) Proposed Form of Order) (Harvey, Matthew)

Hercules Offshore, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on August 13, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Delaware. The case number for the lead bankruptcy case is 15-11685. The bankruptcy case is currently assigned to United States Bankruptcy Judge Kevin Carey. The law firm of Baker Botts LLP is acting as lead bankruptcy counsel to Hercules Offshore, Inc. in the bankruptcy case.


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