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Hercules Technology calls $40 million 7% notes, plans more redemptions
By Tali Rackner
Norfolk, Va., Nov. 4 – Hercules Technology Growth Capital, Inc. will redeem $40 million of its $85.9 million outstanding principal amount of 7% senior notes due September 2019, according to an 8-K filing with the Securities and Exchange Commission.
The company said it plans to make additional redemptions of the notes throughout 2016, depending on its anticipated liquidity position.
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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