Hercules Technology Growth Capital Closes $231M Securitization
Hercules Technology Growth Capital, Inc. (NYSE: HTGC) (“Hercules”), announced today that Hercules Capital Funding Trust 2012-1 LLC, a newly-formed wholly owned subsidiary of Hercules, has issued $129 million of class A notes (the “Notes”) rated A2 (sf) by Moody's Investors Service, Inc. (Moody's) backed by $231 million of senior secured loans originated by Hercules. Guggenheim Securities, LLC acted as arranger of the Notes, and Hercules is the sponsor, originator and servicer for the transaction. The Notes bear interest at a fixed rate of 3.32%. The Notes have a stated maturity date of December 16, 2017 and an expected weighted average life of 1.15 years.
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