Hercules Provides $30MM Facility to Acacia Pharma

Acacia Pharma secured a credit facility of up to $30 million with Hercules Technology Growth Capital to support the intended U.S. launch of intravenous amisulpride for the treatment and prevention of post-operative nausea and vomiting.

Hercules Technology Growth Capital to Become Hercules Capital

Hercules Technology Growth Capital will change its name to Hercules Capital effective February 25, 2016.

Hercules Secures $40MM Long-Term Loan Facility for CytRx

CytRx has entered into a long-term loan and security agreement with Hercules Technology Growth Capital and Hercules Technology III, for up to $40 million in financing.

Hercules Hires Life Sciences Veteran Kosofsky as Sr. Managing Director

Hercules Technology Growth Capital announced the appointment of Kristen Kosofsky as senior managing director in the Life Sciences Group in Hercules’ Boston office.

Hercules Hires General Counsel and Chief Compliance Officer

Hercules Technology Growth Capital announced the appointment of Melanie Grace as general counsel and chief compliance officer.

Hercules Hires Barnes to Lead Southern California Expansion

Hercules Technology Growth Capital expanded into Southern California and hired Tim Barnes, formerly with Silicon Valley Bank, as managing director to lead the new Los Angeles office.

Hercules Receives Investment Grade Rating From Kroll

Kroll Bond Rating Agency has reaffirmed Hercules Technology Growth Capital’s investment grade corporate rating of BBB+.

Hercules Realizes Net Gains from Portfolio Company Exits

Hercules Technology Growth Capital announced year-to-date net realized gains of approximately $8.7 million from its portfolio company investments.

S&P: Hercules Receives Investment Grade Corporate Rating

Hercules Technology Growth Capital announced that Standard & Poor’s Ratings Services reaffirmed Hercules’ investment grade corporate rating of BBB-.

Hercules Provides $8MM Jaguar Animal Health Debt Financing

Jaguar Animal Health, an animal health company, obtained a senior secured term loan facility for up to $8 million with Hercules Technology Growth Capital.