S&P Credit Research



Title:

Recovery Report: Hercules Offshore Inc.'s Recovery Rating Profile

Price:$175.00
Publication Date:May 01, 2008
Report Type:Commentary
Abstract:On May 1, 2008, Standard&Poor's Ratings Services affirmed its bank loan and recovery ratings on the $1.15 billion senior secured credit facilities of Hercules Offshore Inc. (BB-/Stable/--) after the company increased its revolving credit facility by $100 million. The first-lien facilities now consist of a $250 million revolving credit facility and a $900 million term loan and are rated 'BB', one notch above the corporate credit rating on the company. The recovery rating remains '2', indicating our expectation of substantial (70% to 90%) recovery in the event of a payment default. For the announcement of this rating action, please see "Hercules Offshore Inc. 'BB' Bank Loan Rating Affirmed After Increase In Credit Facility," published May 1, 2008, on
Sector:Global Issuers, Corporations, Consumer Products
Format:HTML HTML
Free Sample: Click Here to Download

Purchase Report
Price: $175.00

Looking For Something Else?


S&P Credit Research

S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

  about us | contact us | public company index | private company index | pcan | widget | your privacy rights | terms & conditions  

Copyright © 2008 Alacra, Inc., 100 Broadway, Suite 1100, New York, NY 10005. All rights reserved.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.