Hercules Technology Growth 6.25% 10-year notes begins trading on NYSE

By Stephanie N. Rotondo

Phoenix, July 17 – Hercules Technology Growth Capital Inc.’s $100 million of 6.25% $25-par notes due July 30, 2024 listed on the New York Stock Exchange Thursday.

The deal came July 9 and was upsized from $50 million. The ticker symbol is “HTGX.”

Keefe Bruyette & Woods Inc., Jefferies LLC and RBC Capital Markets LLC were the joint bookrunning managers.

Interest will be paid on the 30th of January, April, July and October, beginning July 30. The notes will become redeemable on July 30, 2017 at par plus accrued interest.

Proceeds will be used for investments in debt and equity securities in accordance with the company’s investment objectives and for general corporate purposes.

Hercules is a Palo Alto, Calif.-based specialty finance company.

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