Hercules Technology to redeem $20 million 7% senior notes due 2019

By Susanna Moon

Chicago, Feb. 17 – Hercules Technology Growth Capital, Inc. plans to redeem $20 million of its $84.5 million outstanding principal amount of 7% senior notes due 2019, according to an 8-K filing with the Securities and Exchange Commission.

Hercules intends to make additional redemptions throughout calendar year 2015, depending on its cash needs, according to a company press release.

U.S. Bank NA is the trustee.

Hercules is a Palo Alto, Calif.-based specialty finance company focused on providing senior secured loans to venture capital-backed companies in technology-related markets.

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