Hercules Technology extends revolving credit availability to 2018

By Angela McDaniels

Tacoma, Wash., Dec. 18 – Hercules Technology Growth Capital, Inc. subsidiary Hercules Funding II LLC amended its $75 million revolving credit facility on Wednesday to extend the revolving credit availability period to Aug. 1, 2018 from Aug. 1, 2017, according to an 8-K filing with the Securities and Exchange Commission.

The maturity date remains Aug. 2, 2018.

The amendment also increased by $25 million the minimum tangible net worth the company must maintain.

Wells Fargo Capital Finance, LLC is the arranger, the administrative agent and a lender.

Hercules is a Palo Alto, Calif.-based specialty finance company focused on providing senior secured loans to venture capital-backed companies in technology-related markets.

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