On December 2, 2016, the Debtors’ Modified Joint Prepackaged Chapter 11 Plan (Incorporating Mediation Settlement) of Hercules Offshore, Inc. and its debtor affiliates (“Plan”) became effective and their assets were transferred to the HERO Liquidating Trust.
The common stock of Hercules Offshore, Inc. was cancelled pursuant to the Plan. Under the Plan, holders of the common stock as of December 2, 2016 will receive, subject to certain conditions, their pro-rata share of the Rejection Shareholder Cash Distribution and Wind-Down Entity Interests in the HERO Liquidating Trust.
Our commitment to delivering incident-free and environmentally sound operations is unwavering throughout our organization.
We operate a diverse fleet of self-propelled liftboats operating in West Africa and the Middle East.