Hercules repurchased $27 million 11 1/8% notes for $31.1 million during second quarter

Be Jennifer Chiou

New York, Aug. 5 - Hercules Inc. said it bought back $27.0 million of its 11 1/8% senior notes for $31.1 million during the second quarter, according to a 10-Q filing with the Securities and Exchange Commission.

Specifically in April and May, the Wilmington, Del., company repurchased $9.9 million of the notes for $11.3 million.

As already reported, the company's board authorized it to periodically repurchase up to $200 million of its outstanding debt.

During the first half of 2005, the company bought back $52.8 million of the notes for $61.4 million.

During the first half of 2004, cash flows of the manufacturer of specialty chemicals included the repurchase of $66.4 million of the notes for $79.2 million.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.