Hercules repurchases $3.8 million of 6.5% debentures, Crests

By Laura Lutz

Des Moines, Nov. 3 - Hercules Inc. retired $3.8 million of its 6.5% junior subordinated deferrable debentures due 2029, according to a 10-Q filing with the Securities and Exchange Commission.

The debentures were retired in connection with the open market purchase of 5,000 Crests units, which include preferred securities and warrants to purchase common stock, for a total of $4.2 million including accrued interest.

The company plans to repurchase more of the debentures as market conditions warrant.

Hercules is based in Wilmington, Del., and manufactures and markets specialty chemicals.

© 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.