By Stephanie N. Rotondo
Phoenix, Sept. 19 - Hercules Technology Growth Capital Inc. priced $75 million of 7% $25-par senior notes due 2019, according to a press release published on Wednesday.
The deal was upsized from $40 million. There is an $11.25 million over-allotment option.
The joint bookrunners are Stifel Nicolaus & Co. Inc., Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. and RBC Capital Markets LLC. The co-managers are BB&T Capital Markets, Janney Montgomery Scott LLC, JMP Securities LLC, Stern Agee & Leech, Stephens Inc. and Wunderlich Securities Inc.
The notes are redeemable on or after Sept. 30, 2015.
Hercules intends to list the notes on the New York Stock Exchange under the ticker symbol "HTGY."
Proceeds will fund debt and equity investments and general corporate purposes.
Hercules is a Palo Alto, Calif.-based specialty finance company.
| Issuer: | Hercules Technology Growth Capital Inc.
|
| Securities: | Senior notes
|
| Amount: | $75 million
|
| Maturity: | Sept. 30, 2019
|
| Bookrunners: | Stifel Nicolaus & Co. Inc., Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. and RBC Capital Markets LLC
|
| Co-managers: | BB&T Capital Markets, Janney Montgomery Scott LLC, JMP Securities LLC, Stern Agee & Leech, Stephens Inc. and Wunderlich Securities Inc.
|
| Coupon: | 7%, payable quarterly beginning Dec. 30
|
| Price: | Par of $25
|
| Yield: | 7%
|
| Call option | On or after Sept. 30, 2019
|
| Pricing date: | Sept. 19
|
| Expected listing: | NYSE: HTGY
|
© 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.
