Hercules Technology gets $75 million revolver via Wells Fargo

By Sara Rosenberg

New York, June 23 - Hercules Technology Growth Capital Inc. closed on a $75 million revolving credit facility that can be expanded to $300 million, according to a news release.

Wells Fargo Capital Finance LLC is the lead on the deal.

The revolver will mature on June 20, 2014.

Proceeds were used to replace a $50 million credit facility.

In addition, the company amended its $20 million revolver with Union Bank to extend the borrowing termination date to Sept. 30 and the maturity date to Dec. 31.

Hercules Technology is a Palo Alto, Calif.-based specialty finance firm.

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