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Stock Market & Financial Investment News

News Breaks
June 10, 2014
10:04 EDTCLSN, HTGCCelsion closes second $5M tranche under Hercules Loan Facility Agreement
Celsion (CLSN) announced that it has closed the second $5M tranche under its $20M Loan and Security Agreement dated as of November 25, 2013 with Hercules Technology (HTGC). The proceeds will be used to fund the $3.4M upfront cash payment associated with Celsion's acquisition of EGEN, which was announced separately today, as well as Celsion's transaction costs associated with the EGEN transaction. Upon the closing of this second tranche, Celsion has drawn down a total of $10M under the November 25, 2013 agreement with Hercules. The funding is in the form of secured indebtedness bearing interest at a floating prime-based variable rate. In conjunction with the November 2013 loan agreement, Celsion issued Hercules a warrant exercisable for a total of 194,986 shares of Celsion's common stock at a per share exercise price of $3.59, with 50% immediately exercisable and the remaining 50% exercisable upon Hercules' funding of this $5M draw-down. The Hercules Warrant will expire November 25, 2018.
News For CLSN;HTGC From The Last 14 Days
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August 28, 2015
07:03 EDTHTGCHercules realizes YTD net gains of roughly $8.7M from portfolio company exits
Hercules Technology Growth Capital (HTGC) announced year-to-date net realized gains of approximately $8.7M from its portfolio company investments. Through 1H15, Hercules had recorded net realized gains of approximately $2.1M comprised primarily from the sale of investments in four portfolio companies. During the third quarter, Synopsys, (SNPS) announced and completed its acquisition of Hercules portfolio company, Atrenta. Financial terms of the deal were not disclosed. The company recognized a net realized gain of approximately $2.6M from the transaction, generating an internal rate of return of approximately 27.1% from its equity and warrant gains, and a fully realized IRR of approximately 16% from its loan repayments and equity/warrant gains. In addition, during the third quarter, the Company has net realized gains of an additional $4M from the sale of investments in three other undisclosed companies.
August 27, 2015
15:20 EDTHTGCHercules Technology extends $50M share repurchase program
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09:03 EDTHTGCS&P reaffirms BBB- investment grade corporate rating for Hercules
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