Hercules Offshore Inc. - 2012-03-21

To privately palce up to $300,000,000 aggregate principal amount of senior secured notes due 2017, and up to $200,000,000 aggregate principal amount of senior notes due 2019. Hercules Offshore expects to use the net proceeds from the notes offering to repay all of the indebtedness outstanding under its existing secured term loan and remaining net proceeds for general corporate purposes, including to fund a portion of the purchase price for the previously announced acquisition of the drilling rig Ocean Columbia as well as the costs associated with the repair, upgrade and mobilization of the Ocean Columbia.