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Hercules Offshore files automatic shelf; shareholders selling 7.5 million shares
By Jennifer Chiou
New York, Nov. 7 - Hercules Offshore Inc. filed an automatic shelf registration in an S-3ASR filing with the Securities and Exchange Commission Friday.
Covered by the shelf are debt securities, common stock, preferred stock and warrants. Debt securities and preferred stock may be structured as convertibles.
The company's shareholders are also selling 7.5 million shares, which closed at $35.16 on Monday on the Nasdaq Global Market.
Underwriters have a greenshoe for 1.125 million shares.
Hercules Offshore is a Houston-based jack-up drilling and liftboat contractor.
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