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19.08.25 - 12:06
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Hercules Capital Receives a BBB+ Affirmed Investment Grade Corporate and Credit Rating from Kroll Bond Rating Agency, Inc. (Business Wire)
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SAN MATEO, Calif.--(BUSINESS WIRE)--Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced that Kroll Bond Rating Agency, Inc. (“KBRA”) has affirmed Hercules' investment grade corporate and credit rating of BBB+. KBRA issued a statement announcing the affirmation of the rating and stable outlook, as well as its underlying analysis.
The affirmed BBB+ rating reflects the Company's diversified investment portfolio with a focus on senior secured first lien venture debt investments in the technology and life sciences sectors, solid 20+ year operating record, including during the global financial crisis, and appropriate leverage metrics. The Company's solid credit quality has benefited from the Company's robust risk management and solid investment team with years o...
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05.08.25 - 18:06
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Snappt Acquires Trigo to Enhance Applicant Trust Platform for Multifamily Housing, Secures $50M Growth Financing (Business Wire)
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Strategic growth financing accelerates expansion through acquisition and supports product innovationLOS ANGELES--(BUSINESS WIRE)--Snappt, the leading platform for applicant trust in multifamily housing, today announced it has acquired Trigo, a company known for its breakthrough technology in verifying rental payment history. Backed by a $50 million committed facility from Hercules Capital, Inc. (NYSE: HTGC), the acquisition expands Snappt's platform and strengthens its ability to help property managers make faster, more confident leasing decisions. Together, these milestones mark a major step toward building the industry's most complete and trusted solution embedded into the application and screening process.
“This moment marks a major leap forward for Snappt,” said James Hyde, CEO of Snappt. “With the backing of Hercules Capital and the strategic acquisition of Trigo, we're not just expanding our platform, we're accelerating our vision for a fully integrated trust infrastructure that meets the ...
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31.07.25 - 22:12
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Hercules Capital Reports Second Quarter 2025 Financial Results (Business Wire)
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Q2 2025 Total Gross Debt and Equity Commitments of $1.0 Billion
Record Q2 2025 Total Gross Fundings of $709.1 Million
Record 1H 2025 Total Gross Debt and Equity Commitments of $2.02 Billion
Record 1H 2025 Total Gross Fundings of $1.25 Billion
Record Q2 2025 Net Investment Income “NII” of $88.7 Million
Q2 2025 NII of $0.50 per Share provides 125% Coverage of the Base Cash Distribution
Closed Upsized Offering of $350.0 Million of 6.000% Unsecured Notes due 2030
Renewed and Increased Its Credit Facility with MUFG Bank, Ltd. to $440.0 Million
Conservative Balance Sheet Management with Net GAAP Leverage of 95.0% and Net Regulatory Leverage of 78.7%(1)
Inclusive of the Adviser Funds Advised by Hercules Adviser LLC, its Wholly-owned Subsidiary, Hercules had over $1.0 Billion of Available Liquidity as of the end of Q2 2025
Undistributed Earnings Spillover of $134.1 Million, or $0.74(2) per Ending Shares Outstanding
Over $5.3 Billion of Assets Under Management, an Increase of 16.5% Year-over-Year(3)
Hercules A...
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29.07.25 - 12:03
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Hercules Capital Declares a Total Cash Distribution of $0.47 per Share for the Second Quarter 2025 (Business Wire)
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The Total Cash Distribution of $0.47 per Share for the Second Quarter 2025 is Comprised of a $0.40 per Share Base Distribution and a $0.07 per Share Supplemental DistributionSAN MATEO, Calif.--(BUSINESS WIRE)--Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), the largest and leading specialty finance provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, is pleased to announce that its Board of Directors has declared a second quarter 2025 total cash distribution of $0.47 per share. The following shows the key dates of the second quarter 2025 distribution payment:
Record Date August 12, 2025
Payment Date August 19, 2025
Hercules' Board of Directors maintains a variable distribution policy with the objective of distributing four quarterly distributions in an amount that approximates 90% to 100% of the Company's taxable quarterly income or potential annual income for a partic...
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17.07.25 - 12:06
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Hercules Capital Announces Date for Release of Second Quarter 2025 Financial Results and Conference Call (Business Wire)
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SAN MATEO, Calif.--(BUSINESS WIRE)--Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced that it has scheduled its second quarter 2025 financial results conference call for Thursday, July 31, 2025, at 2:00 p.m. PT (5:00 p.m. ET). Hercules will release its financial results after market close that same day.
All interested parties are invited to participate via telephone or the live webcast, which will be hosted on a webcast link located on the Investor Resources section of our website at investor.htgc.com. Please visit the website to test your connection before the webcast. Domestic callers can access the conference call toll free by dialing +1 (800) 225-9448. International callers can access the conference call by dialing +1 (203) 518-9708. All callers are asked to...
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01.07.25 - 12:03
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Hercules Capital Receives Affirmed BBB- Investment Grade Corporate and Unsecured Credit Rating from Fitch Ratings, Inc. (Business Wire)
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SAN MATEO, Calif.--(BUSINESS WIRE)--Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced that Fitch Ratings, Inc. (“Fitch”) has affirmed Hercules' investment grade corporate and unsecured credit rating of BBB- with a stable outlook, as well as its underlying analysis.
“We are very pleased that Fitch has affirmed our BBB- investment grade corporate and unsecured credit rating,” stated Seth Meyer, chief financial officer of Hercules. “This rating reflects the scale of our institutionalized lending platform and the quality and proven track record of operational excellence that our differentiated and diversified venture and growth stage lending business model has delivered year after year.”
The affirmed BBB- rating reflects the Company's first-lien focus ...
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