Hercules Technology Growth Capital, Inc. Prices Public Offering of Common Stock
March 08 2013 - 7:30AM
Business Wire
Hercules Technology Growth Capital, Inc. (NYSE: HTGC)
("Hercules") announced that it has priced its public offering of
7,000,000 shares of its common stock. Hercules has also granted the
underwriters an option to purchase up to 1,050,000 additional
shares of common stock. The offering is subject to customary
closing conditions and is expected to close on March 13, 2013.
The last reported sales price of Hercules’ common stock on March 7,
2013 was $12.52 per share. Citigroup and Wells Fargo Securities are
acting as joint book-running managers in this offering. Aegis
Capital Corp, BB&T Capital Markets, a division of BB&T
Securities, LLC, Maxim Group LLC and National Securities
Corporation are acting as co-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. The offering
may be made only by means of a prospectus supplement and the
accompanying prospectus, copies of which may be obtained from
Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, New York 11717 (tel: (800) 831-9146); Wells Fargo
Securities, 375 Park Avenue, 4th Floor, New York, New York 10152,
Attn: Equity Syndicate or by e-mailing
cmclientsupport@wellsfargo.com.
Investors are advised to carefully consider the investment
objectives, risks, and charges and expenses of Hercules before
investing. The prospectus, which has been filed with the Securities
and Exchange Commission, contains 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 markets, including technology, biotechnology,
life science and cleantech industries at all stages of development.
Since inception (December 2003), Hercules has committed more than
$3.4 billion to over 220 companies and is the lender of choice for
entrepreneurs and venture capital firms seeking growth capital
financing.
Hercules’ common stock trades on the New York Stock Exchange
(NYSE) under the ticker symbol "HTGC."
In addition, Hercules has two outstanding bond issuances of
7.00% Senior Notes due 2019—the April 2019 Notes and September 2019
Notes—which trade on the NYSE under the symbols “HTGZ” and “HTGY,”
respectively.
Companies interested in learning more about financing
opportunities should contact info@htgc.com, or call
650.289.3060.
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.
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