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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.
News For 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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