Hercules repurchases further $17 million 11 1/8% notes

New York, Aug. 9 - Hercules Inc. said it has bought back $17 million book value of its 11 1/8% senior subordinated notes in the third quarter so far at a cost of $20 million.

The repurchases are in addition to $33 million book value of the bonds bought in the third quarter, according to a 10-Q filing with the Securities and Exchange Commission.

For the first six months of the year, repurchases totaled $66 million at a cost of $79 million.

The Wilmington, Del., specialty chemical company has now bought back $90 million book value of the notes. Its board has authorized it to buy up to $200 million.

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