Hercules Technology Growth Capital has priced its public offering of 7 milliion shares of its common stock. Hercules has also granted the underwriters an option to purchase up to 1.05 million additional shares of common stock. The offering is subject to customary closing conditions and is expected to close on March 13, 2013. The last reported sales price of Hercules’ common stock on March 7, 2013 was $12.52 per share.

Citigroup and Wells Fargo Securities are acting as joint book-running managers in this offering. Aegis Capital Corp, BB&T Capital Markets, a division of BB&T Securities, LLC, Maxim Group LLC and National Securities Corporation are acting as co-managers in this offering.

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.

Hercules Technology Growth Capital is a specialty finance company focused on providing senior secured loans to venture capital-backed companies in technology-related markets, including technology, biotechnology, life science and cleantech industries at all stages of development. Since inception (December 2003), Hercules has committed more than $3.4 billion to over 220 companies and is the lender of choice for entrepreneurs and venture capital firms seeking growth capital financing.