Hercules Technology Growth Capital, Inc. Prices Public Offering of Common Stock
24 March 2015 - 11:59PM
Business Wire
Hercules Technology Growth Capital, Inc. (NYSE: HTGC)
(“Hercules”) announced that it has priced its public offering of
6,600,000 shares of its common stock at a public offering price of
$13.64 per share for total gross proceeds of approximately $90.0
million. Hercules has also granted the underwriters an option to
purchase up to 990,000 additional shares of common stock. The
offering is subject to customary closing conditions and is expected
to close on March 27, 2015. Wells Fargo Securities, Raymond James
and Keefe, Bruyette & Woods, a Stifel Company, are acting as
joint book-running managers in this offering.
Hercules expects to use the net proceeds from this offering to
fund investments in debt and equity securities in accordance with
its investment objective and for other general corporate
purposes.
The securities described above are being offered by Hercules
pursuant to an effective shelf registration statement previously
filed with and declared effective by the Securities and Exchange
Commission (the “SEC”) on June 6, 2014. The offering may be made
only by means of a prospectus supplement and the accompanying
prospectus, copies of which may be obtained from Wells Fargo
Securities, 375 Park Avenue, 4th Floor, New York, NY 10152, Attn:
Equity Syndicate Department, by calling (800) 326-5897 or by
e-mailing a request to cmclientsupport@wellsfargo.com; Raymond
James, 880 Carillon Parkway, St. Petersburg, FL 33716, by
calling (800) 248-8863; or Keefe, Bruyette & Woods, a
Stifel Company, Attn: Equity Capital Markets, 787 Seventh
Avenue, Fourth Floor, New York, NY 10019, by calling
(800) 966-1559.
Investors are advised to carefully consider the investment
objectives, risks, and charges and expenses of Hercules before
investing. The prospectus supplement and the accompanying
prospectus, which have been filed with the SEC, contain this and
other information about Hercules and should be read carefully
before investing.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of,
the shares in any state or other jurisdiction in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such state or other
jurisdiction.
About Hercules Technology Growth Capital, Inc.
Hercules Technology Growth Capital, Inc. (NYSE: HTGC)
(“Hercules”) is the leading specialty finance company focused on
providing senior secured loans to venture capital-backed companies
in technology-related industries, including technology,
biotechnology, life science, and energy & renewable technology,
at all stages of development. Since inception (December 2003),
Hercules has committed more than $4.9 billion to over 310 companies
and is the lender of choice for entrepreneurs and venture capital
firms seeking growth capital financing. Companies interested in
learning more about financing opportunities should contact
info@htgc.com, or call
650.289.3060.
Hercules’ common stock trades on the New York Stock Exchange
(NYSE) under the ticker symbol “HTGC.”
In addition, Hercules has three outstanding bond issuances of
7.00% Notes due April 2019, 7.00% Notes due September 2019, and
6.25% Notes due July 2024, which trade on the NYSE under the
symbols “HTGZ,” “HTGY,” and “HTGX,” respectively.
Forward-Looking Statements
The statements contained in this release that are not purely
historical are forward-looking statements. These forward-looking
statements are not guarantees of future performance and are subject
to uncertainties and other factors that could cause actual results
to differ materially from those expressed in the forward-looking
statements including, without limitation, the risks, uncertainties,
including the uncertainties surrounding the current market
turbulence, and other factors we identify from time to time in our
filings with the Securities and Exchange Commission. Although we
believe that the assumptions on which these forward-looking
statements are based are reasonable, any of those assumptions could
prove to be inaccurate and, as a result, the forward-looking
statements based on those assumptions also could be incorrect. You
should not place undue reliance on these forward-looking
statements. The forward-looking statements contained in this
release are made as of the date hereof, and Hercules assumes no
obligation to update the forward-looking statements for subsequent
events.
Hercules Technology Growth Capital, Inc.Michael Hara,
650-289-3060 HT-HNInvestor Relations and Corporate
Communicationsmhara@htgc.com
Hercules Capital (NYSE:HTGC)
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