Hercules Technology repays $130 million credit facility

By Sara Rosenberg

New York, March 25 - Hercules Technology Growth Capital Inc. fully repaid its $130 million credit facility that was set to mature on April 30, according to a news release.

Citigroup and Deutsche Bank were the lead banks on the deal.

The company was able to repay the facility by making early and regularly scheduled repayments and by borrowing about $25.7 million under its credit facility with Wells Fargo Foothill.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.