Hercules Technology pays down debt

|About: Hercules Capital, Inc. (HTGC)|By:, SA News Editor

The partial redemption ($40M of the $85.9M outstanding) of the company's 7% unsecured notes due in 2019 is expected to save $3M, or $0.04 per share of interest expense annually. There will be a one-time non-cash Q4 expense of $825K or $0.01 per share.

HTGC may decide to redeem more of this paper in 2016.

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