By Stephanie N. Rotondo
Portland, Ore., April 12 - Hercules Technology Growth Capital Inc. is selling $43 million of 7% $25-par senior notes due April 30, 2019, the company announced Thursday.
There is a $6.45 million over-allotment option.
Interest is payable on the 30th of January, April, July and October, beginning on July 30, 2012. Hercules has the option to redeem the notes on or after April 30, 2015.
The company will apply to list the notes on the New York Stock Exchange under the symbol "HTGZ."
Stifel, Nicolaus & Co. Inc., BB&T Capital Markets, Janney Montgomery Scott LLC and Stern Agee & Leach Inc. are the joint bookrunners. Wunderlich Securities Inc. and JMP Securities are the joint lead managers.
Proceeds will be used to fund investments in debt and equity securities and for other general corporate purposes.
Hercules is a Palo Alto, Calif.-based specialty finance company that provides debt and equity growth capital to technology-related companies at various stages of development.
| Issuer: | Hercules Technology Growth Capital Inc.
|
| Securities: | Senior notes
|
| Amount: | $43 million
|
| Overallotment: | $6.45 million
|
| Interest rate: | 7%
|
| Price: | $25 per note
|
| Maturity: | April 30, 2019
|
| Call options: | On or after April 30, 2015 at par
|
| Bookrunners: | Stifel, Nicolaus & Co. Inc., BB&T Capital Markets, Janney Montgomery Scott LLC and Stern Agee & Leach Inc.
|
| Lead managers: | Wunderlich Securities Inc. and JMP Securities
|
| Pricing: | April 11
|
| Settlement: | April 17
|
| Stock symbol: | NYSE: HTGZ
|
© 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.
