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Hercules Prices Public Offering Of $75.0 Million 7.00% Senior Unsecured Notes Due 2019

Stocks in this article: HTGC

Hercules Technology Growth Capital, Inc. (NYSE: HTGC) (the “Company”) today announced that it has priced an underwritten public offering of $75.0 million in aggregate principal amount of its 7.00% senior unsecured notes due 2019 (the “Notes”). The Notes will mature on September 30, 2019, and may be redeemed in whole or in part at any time or from time to time at the Company's option on or after September 30, 2015. The Notes will bear interest at a rate of 7.00% per year payable quarterly on March 30, June 30, September 30 and December 30, of each year, beginning December 30, 2012. The Company has also granted the underwriters a 30-day option to purchase up to an additional $11.25 million in aggregate principal amount of the Notes to cover overallotments, if any. The Company expects to list the Notes on the New York Stock Exchange under the trading symbol “HTGY.”

The Company intends to invest the net proceeds of this public offering to fund investments in debt and equity securities in accordance with its investment objective and for other general corporate purposes.

Stifel, Nicolaus & Company, Incorporated, Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co. and RBC Capital Markets, LLC are acting as joint book-running managers of this offering. BB&T Capital Markets, a division of Scott & Stringfellow, LLC, Janney Montgomery Scott LLC, JMP Securities LLC, Sterne, Agee & Leach, Inc., Stephens Inc. and Wunderlich Securities, Inc. are acting as co-managers of this offering.

The offering may be made only by means of a preliminary prospectus supplement and an accompanying prospectus, copies of which may be obtained from (1) Stifel, Nicolaus & Company, Incorporated, Attention: Equity Syndicate Department, One South Street, 15th Floor, Baltimore, MD 21202, by calling (443) 224-1988 or by email at  SyndicateOps@stifel.com, (2) Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, NY 10010, by calling (800) 221-1037 or by email at newyork.prospectus@credit-suisse.com, (3) Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, NY 10282, by calling (866) 471-2526 or by email at prospectus-ny@ny.email.gs.com, or (4) RBC Capital Markets, LLC, Attention: Prospectus Department, 3 World Financial Center, 200 Vesey Street, 8th Floor, New York, NY 10281, by calling (866) 375-6829 or by email at RBCNYFixedIncomeProspectus@rbccm.com.

Investors are advised to carefully consider the investment objectives, risks and charges and expenses of the Company before investing. The prospectus supplement and prospectus contain this and other information about the Company and should be read carefully before investing.

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