Loading...
Loading...
Hercules Technology Growth Capital, Inc.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted In: News
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in