Hercules Offshore expects to amend revolver to lift size, extend tenor

By Sara Rosenberg

New York, June 24 - Hercules Offshore Inc. plans on amending its revolving credit facility to increase the commitments to $150 million from $75 million, according to an 8-K filed with the Securities and Exchange Commission on Monday.

In addition, the amendment is expected to extend the revolver maturity to July 2018.

Closing on the amendment is anticipated to occur in July.

Hercules Off shore is a Houston-based provider of offshore contract drilling and liftboat services.

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