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Stock Market & Financial Investment News

News Breaks
January 7, 2013
08:37 EDTHTGCADMA enters into $6M term loan commitment with Hercules Technology
ADMA Biologics announced it has entered into a $6M term loan commitment with Hercules Technology Growth Capital. ADMA received $4M of the total $6M loan commitment during December 2012, with the remaining $2M predicated on ADMA meeting certain clinical and financial milestones. The loan is secured by a first position lien on all of ADMA’s assets, excluding intellectual property, which is subject to a negative pledge.
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March 24, 2015
07:28 EDTHTGCHercules Technology 6.6M share Spot Secondary priced at $13.64
Wells Fargo, Raymond James and Keefe Bruyette acted as joint book running managers for the offering.
March 23, 2015
19:13 EDTHTGCOn The Fly: After Hours Movers
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16:20 EDTHTGCHercules Technology files to sell 6.6M shares of common stock
Hercules expects to use the net proceeds from this offering to fund investments in debt and equity securities in accordance with its investment objective and for other general corporate purposes Wells Fargo Securities, Raymond James and Keefe, Bruyette & Woods, a Stifel Company, are acting as joint book-running managers in this offering.
March 16, 2015
15:15 EDTHTGCHercules Technology says EPS growth targets pushed out 'quarter or two'
"Our origination activity has been very robust as we continue to see healthy deal flow from our venture capital partners and from our innovative venture growth stage companies. However, we continue to see many of these new investments opportunities closing later and later in the quarter, thereby lowering our targeted intra-quarter weighted average loan balances, and pushing out our EPS growth targets by a quarter or two in the process. In addition, our forecasted early pay-offs, or prepayments, are materially lower than prior quarters and in-line with our expectations, which should allow us to grow our loan investment portfolio and begin to leverage our SG&A infrastructure investment in anticipation of higher year-end loan investment portfolio growth and balances. Finally, we continue to selectively pursue new loan investment opportunities that meet our credit underwriting standards, as we look to systematically grow our loan investment portfolio to new records levels in 2015 with senior secured high quality investments. We remain steadfast in not trading-off increased credit risk in the quest for higher loan yields by reaching down the capital structure, and prefer to accept lower loan yields in lieu of increased credit risk," said Hercules chairman and CEO Henriquez.
15:14 EDTHTGCHercules Technology reports Q1 closed commitments to date near $170M
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