Form 8-K HERCULES TECHNOLOGY GROW For: Sep 10

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 10, 2015

 

 

Hercules Technology Growth Capital, Inc.

(Exact name of registrant as specified in its charter)

 

 

 

Maryland		814-00702		74-3113410
(State or other jurisdiction of incorporation)		(Commission File No.)		(I.R.S. Employer Identification No.)

 

400 Hamilton Ave., Suite 310 Palo Alto, CA		94301
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (650) 289-3060

Not Applicable

(Former name or address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

---

Item 8.01

Other Events

On September 10, 2015, Hercules Technology Growth Capital, Inc. issued a press release announcing that Kroll Bond Rating Agency, Inc. has reaffirmed its investment grade corporate rating of BBB+. The text of the press release is included as an exhibit to this Form 8-K.

 

Item 9.01

Financial Statements and Exhibits

 

(d)

Exhibits

 

99.1		Press Release dated September 10, 2015.

---

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

		HERCULES TECHNOLOGY GROWTH CAPITAL, INC.
September 10, 2015
				By:		/s/ Manuel Henriquez
						Manuel Henriquez
						Chief Executive Officer

---

EXHIBIT INDEX

 

Exhibit No.		Description of Exhibits
99.1		Press Release dated September 10, 2015

Exhibit 99.1

 

 

Hercules Receives Investment Grade Corporate Rating From Kroll Bond Rating Agency, Inc.

KBRA Emphasizes Hercules’ Expertise in Investing in Venture-backed Companies with Strong Growth Potential and the Quality of Credit Risk Management

PALO ALTO, Calif., September 10, 2015 - Hercules Technology Growth Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), the leading specialty finance company to innovative, high-growth venture capital-backed companies, today announced that Kroll Bond Rating Agency, Inc. (“KBRA”) has reaffirmed Hercules’ investment grade corporate rating of BBB+. KBRA issued a statement announcing the reaffirmation of the rating and stable outlook, as well as its underlying analysis.

“We are very pleased to receive our investment grade corporate credit rating from KBRA,” stated Mark R. Harris, chief financial officer of Hercules. “Being one of the few business development companies to receive an investment grade rating from both KBRA and S&P is further validation of our leading originations platform coupled with our stringent underwriting standards.”

The affirmed BBB+ rating reflects the Company’s focus on senior secured debt, positive asset quality performance, and adequate leverage metrics. KBRA also noted Hercules’ proven access to capital markets and its expertise in investing in venture-backed companies with strong growth potential as well as the quality of their credit risk management and monitoring.

About Hercules Technology Growth Capital, Inc.

Hercules Technology Growth Capital, Inc. (NYSE: HTGC) (“Hercules”) 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 [email protected], or call 650.289.3060.

Hercules’ common stock trades on the New York Stock Exchange (NYSE) under the ticker symbol “HTGC.”

 

1

---

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.

Forward-Looking Statements:

The information disclosed in this 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 Securities and Exchange Commission 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 we identify from time to time in our filings with the Securities and Exchange Commission. Although we believe 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.

Contact:

Michael Hara

Investor Relations and Corporate Communications

Hercules Technology Growth Capital, Inc.

650-433-5578 HT-HN

[email protected]

 

2

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Hercules Capital Announces Date for Release of First Quarter 2024 Financial Results and Conference Call
• 50 Next Health Territories Sold, Announces New Goal by 2027
• AWOL Vision Unveils World's Largest 132-inch Seamless ALR Premium Screen