HOUSTON, November 14 /PRNewswire/ --
Hercules Offshore, Inc. (Nasdaq: HERO) today announced the pricing of a public offering of 7,500,000 shares of its common stock at US$33.00 per share, all of which were offered by selling stockholders. Hercules will not receive any proceeds from the sale of the shares by the selling stockholders.
The offering is expected to close on November 17, 2006, subject to customary closing conditions. Shares of Hercules common stock are listed on the NASDAQ Global Select Market under the symbol "HERO".
In addition, the selling stockholders have granted the underwriters an option to purchase up to an additional 1,125,000 shares of Hercules common stock currently held by the selling stockholders to cover over-allotments, if any.
Credit Suisse Securities (USA) LLC is serving as sole bookrunning manager of the offering. Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Simmons & Company International, UBS Securities LLC, Morgan Keegan & Company, Inc. and Pickering Energy Partners Inc. are acting as co-managers for the offering.
Copies of the final prospectus related to this offering may be obtained from the Prospectus Department of Credit Suisse Securities (USA) LLC, Eleven Madison Avenue, New York, NY 10010-3629.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities of Hercules, nor shall there be any sales of any such securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
Headquartered in Houston, Texas, Hercules Offshore operates a fleet of nine jackup rigs and 64 liftboats. The company offers a range of services to oil and gas producers to meet their needs during drilling, well service, platform inspection, maintenance, and decommissioning operations in shallow waters.
Statements that are not historical facts in this release, are forward-looking statements that involve certain risks, uncertainties and assumptions. These include but are not limited to general market conditions, market conditions in the financial markets, customary offering closing conditions and other factors detailed in the registration statement relating to these securities and Hercules' filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated.
Web site: http://www.herculesoffshore.com
Stephen M. Butz, Vice President and Treasurer of Hercules Offshore, Inc., +1-713-979-9832; Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20050601/DAW092LOGO AP Archive: http://photoarchive.ap.org PRN Photo Desk, photodesk@prnewswire.com
