By Cristal Cody
Tupelo, Miss., Nov. 5 – Hercules Technology Growth Capital, Inc. announced on Wednesday that it sold $129.3 million of 3.524% asset-backed notes due April 16, 2021 in the Hercules Capital Funding Trust 2014-1, LLC transaction.
Guggenheim Securities, LLC was the underwriter.
The securitization has an 18-month reinvestment period.
The notes will be backed by a revolving pool of senior loans made to certain portfolio companies of the company and secured by certain assets of those portfolio companies.
Hercules Technology Growth Capital is a Palo Alto, Calif.-based specialty finance company that provides senior secured loans to venture capital-backed companies in technology-related markets.
| Issuer: | Hercules Capital Funding Trust 2014-1, LLC
|
| Amount: | $129.3 million
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| Maturity: | April 16, 2021
|
| Securities: | Fixed-rate notes
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| Structure: | Securitization
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| Placement agent: | Guggenheim Securities, LLC
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| Manager: | Hercules Technology Growth Capital, Inc.
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| Coupon: | 3.524%
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| Pricing date: | Nov. 4
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| Settlement date: | Nov. 13
|
| Rating: | Kroll Bond Rating Agency, Inc.: A
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