Hercules Shelf Registration Statement Declared Effective by the Securities and Exchange Commission
November 04 2015 - 11:15AM
Business Wire
Hercules Technology Growth Capital, Inc. (NYSE: HTGC)
(“Hercules” or the “Company”), the leading specialty financing
provider to innovative venture growth stage companies backed by
leading venture capital firms, today announced that Hercules’ Shelf
Registration Statement, as filed on September 29, 2015 (the
“Registration Statement”), has been declared effective by the
Securities and Exchange Commission (“SEC”).
Hercules’ Chief Financial Officer, Mark R. Harris stated, “This
new registration statement, combined with our existing strong
liquidity position, provides us with the additional financial
flexibility to access the financial markets to support our
corporate objectives, such as refinancing our current debt
instruments, as well as accelerate our growth strategy should the
opportunity present itself. However, given our current liquidity
position, we have no current plans to issue any equity.”
Under the Registration Statement, Hercules may from time to
time, in one or more offerings or series, issue up to $500 million
of any combination of common stock, preferred stock, warrants,
subscription rights or debt securities. The preferred stock, debt
securities, subscription rights and warrants may be convertible or
exchangeable into shares of the Company’s common stock. The net
proceeds of any such issuances by Hercules are expected to be used
for general corporate purposes.
The terms of any issuance under the Registration Statement will
be determined at the time of such issuance and disclosed in a
prospectus supplement filed with the SEC.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
securities in any state in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
laws of any such state.
A copy of the prospectus included in the Registration Statement
may be obtained at no charge at the SEC’s website at www.sec.gov.
In addition copies of the prospectus included in the Registration
Statement, and, when available, any prospectus supplement relating
to a particular offering, may be obtained by contacting Hercules
Technology Growth Capital, Inc., 400 Hamilton Avenue, Suite 310,
Palo Alto, CA 94301, Attn: General Counsel, (650) 289-3060.
About Hercules Technology Growth Capital, Inc.
Hercules Technology Growth Capital, Inc. (NYSE: HTGC) is the
leading specialty finance company focused on providing senior
secured venture growth loans to high-growth innovative venture
capital-backed companies in the technology, biotechnology, life
sciences, healthcare, and energy & renewable technology
industries. Since inception (December 2003), Hercules has committed
more than $5.5 billion to over 325 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 information disclosed in this press release is made as of
the date hereof and reflects Hercules most current assessment of
its historical financial performance. Actual financial results
filed with the SEC may differ from those contained herein due to
timing delays between the date of this release and confirmation of
final audit results. 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 volatility, and
other factors the Company identifies from time to time in its
filings with the SEC. Although Hercules believes 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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version on businesswire.com: http://www.businesswire.com/news/home/20151104006242/en/
Hercules Technology Growth Capital, Inc.Michael Hara,
650-433-5578 HT-HNInvestor Relations and Corporate
Communicationsmhara@htgc.com
Hercules Capital (NYSE:HTGC)
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