NEW YORK--(BUSINESS WIRE)--Hercules Offshore, Inc.'s prepackaged bankruptcy filed Thursday may be a leading indicator of further bankruptcies among other challenged high yield (HY) offshore drillers, according to Fitch Ratings. Hercules' restructuring plan involves the conversion of over $1.2 billion in senior notes into 96.9% of the firm's new common equity and establishment of $450 million of new debt financing to fund the delivery of the company's contracted newbuild drilling rig, the Hercul
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