Hercules Technology calls $40 million of 7% notes due September 2019

By Tali Rackner

Norfolk, Va., Nov. 13 – Hercules Technology Growth Capital, Inc. plans to redeem $40 million of its $85.9 million outstanding principal amount of 7% senior unsecured notes due September 2019, according to a notice.

The notes will be redeemed at par plus accrued interest on Dec. 18.

U.S. Bank NA is the trustee.

As previously reported, the company plans to make additional redemptions of the notes throughout 2016, depending on its anticipated liquidity position.

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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