PALO ALTO, Calif.--(BUSINESS WIRE)--
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
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
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 firstname.lastname@example.org,
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.
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151104006242/en/
Hercules Technology Growth Capital, Inc.
Michael Hara, 650-433-5578
Investor Relations and Corporate Communications
Source: Hercules Technology Growth Capital, Inc.
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