By Stephanie N. Rotondo
Seattle, April 21 – Hercules Capital Inc. – formerly Hercules Technology Growth Capital Inc. – sold an additional $65.4 million of its 6.25% $25-par notes due 2024 on Thursday, according to a press release.
Prior to the add-on, there was $103 million of the notes outstanding. The latest offering includes a $9.8 million greenshoe.
Keefe Bruyette & Woods Inc., Jefferies LLC and RBC Capital Markets LLC were the joint bookrunning managers. Sandler O’Neill + Partners LP was lead manager.
Interest will be payable on the 30th day of January, April, July and October, beginning July 30. The notes will become redeemable on July 30, 2017 at par plus accrued interest.
Proceeds will be used for investments in debt and equity securities in accordance with the company’s investment objectives and for general corporate purposes.
Hercules is a Palo Alto, Calif.-based specialty finance company.
| Issuer: | Hercules Capital Inc.
|
| Securities: | Unsecured notes
|
| Amount: | $65.4 million
|
| Greenshoe: | $9.8 million
|
| Maturity: | July 30, 2024
|
| Bookrunners: | Keefe Bruyette & Woods Inc., Jefferies LLC, RBC Capital Markets LLC
|
| Lead manager: | Sandler O’Neill + Partners LP
|
| Co-managers: | BB&T Capital Markets and Janney Montgomery Scott LLC
|
| Coupon: | 6.25%
|
| Price: | Par of $25
|
| Yield: | 6.25%
|
| Call options: | On or after July 30, 2017 at par plus accrued interest
|
| Pricing date: | April 21
|
| Stock symbol: | NYSE: HTGX
|
| Total amount: | $168.4 million, including $103 million of outstanding notes
|
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