Hercules Technology extends $150 million facility through July 31, lowers rate

By Jennifer Chiou

New York, April 3 - Hercules Technology Growth Capital Inc. amended its credit facility, prolonging its $150 million borrowing capacity through July 31.

In the amendments, the company also lowered the interest rate to Libor plus 120 basis points from Libor plus 165 bps.

Citigroup Global Markets Realty group is the lead bank.

Hercules Technology is a Palo Alto, Calif.-based specialty finance company providing debt and equity growth capital to technology-related companies.

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