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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Hercules Capital Inc | NYSE:HTGC | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.03 | 0.14% | 21.41 | 21.555 | 21.36 | 21.40 | 616,302 | 20:10:29 |
Hercules Technology Growth Capital, Inc. (NYSE: HTGC), 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 energy and renewables technology industries, at all stages of development, today announced that in response to the unprecedented demand for venture debt, the company has expanded its operations.
âThis is a very exciting time for our company,â said Manuel A. Henriquez, co-founder, chairman and chief executive officer of Hercules. âOver the years, venture debt has become an accepted and, at times, critical part of a companyâs financing mix as entrepreneurs understand its benefits and role alongside that of existing venture capital. Hercules is one of the oldest, most experienced and trusted providers of venture debt, having completed more than $3.9 billion in commitments to over 250 companies since Herculesâ founding less than a decade ago. We are experiencing very strong demand for venture debt and, as a result, we believe we have a significant opportunity to continue to thoughtfully and strategically expand our operations while continuing to manage our âslow and steadyâ growth strategy of deploying capital.â
Recently, Hercules opened an office in New York City and expanded its originations team in McLean, Virginia and Palo Alto, California.
A total of five new managing directors and one principal have joined the firm:
âEvery one of our new team members has significant depth of experience in their respective sectors, and it is precisely this knowledge that is most attractive to the companies we work with,â said Henriquez. âThe entrepreneurs and VCs we speak with on a daily basis know that they are working with people who not only understand their industry, but who also understand the growth process these companies are going through, both the highs and the lows. They know that we will be there for them every step of the way and are committed to seeing them reach each critical milestone in their development.â
About Hercules Technology Growth Capital, Inc.:
Hercules Technology Growth Capital, Inc. (NYSE: HTGC) (âHerculesâ) 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 energy and renewables technology industries, at all stages of development. Since inception (December 2003), Hercules has committed more than $3.9 billion to over 250 companies and is the lender of choice for entrepreneurs and venture capital firms seeking growth capital financing.
Herculesâ common stock trades on the New York Stock Exchange (NYSE) under the ticker symbol âHTGC.â
In addition, Hercules has two outstanding bond issuances of 7.00% Senior Notes due 2019âthe April 2019 Notes and September 2019 Notesâwhich 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:
Statements in this press release may constitute forward-looking statements for purposes of the safe harbor protection under applicable securities laws. Forward-looking statements can be identified by terminology such as âanticipate,â âbelieve,â âcould,â âestimate,â âexpect,â âintend,â âis planned,â âmay,â âshould,â âwill,â âwill enable,â âwould be expected,â âlook forward,â âmay provide,â âwouldâ or similar terms, variations of such terms or the negative of those terms. Such forward-looking statements involve known and unknown risks, uncertainties and other factors including, without limitation, those risks, uncertainties and factors referred to in the âRisk Factorsâ section of the Hercules Annual Report on Form 10-K for the year ended December 31, 2012, as well as the other documents and reports filed by Hercules with the Securities Exchange Commission. As a result of such risks, uncertainties and factors, actual results may differ materially from any future results, performance or achievements discussed in or implied by the forward-looking statements contained herein. Hercules is providing the information in this press release as of this date and assumes no obligations to update the information included in this press release or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Hercules Technology Growth Capital, Inc.Muirfield PartnersMickey Mandelbaum, 310-785-0810mickey@muirfieldpartners.comMaya Pogoda, 310-785-0810maya@muirfieldpartners.comorMarket Street PartnersLinda Wells, 415-445-3236lwells@marketstreetpartners.com
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