KBRA Emphasizes Hercules' Expertise in Investing in Venture-backed
Companies with Strong Growth Potential and the Quality of Credit Risk
PALO ALTO, Calif.--(BUSINESS WIRE)--
Technology Growth Capital, Inc. (NYSE:HTGC) ("Hercules" or the
"Company"), the leading specialty finance company to innovative,
high-growth venture capital-backed companies, today announced that Kroll
Bond Rating Agency, Inc. ("KBRA") has reaffirmed Hercules' investment
grade corporate rating of BBB+. KBRA issued a statement announcing the
reaffirmation of the rating and stable outlook, as well as its
"We are very pleased to receive our investment grade corporate credit
rating from KBRA," stated Mark R. Harris, chief financial officer of
Hercules. "Being one of the few business development companies to
receive an investment grade rating from both KBRA and S&P is further
validation of our leading originations platform coupled with our
stringent underwriting standards."
The affirmed BBB+ rating reflects the Company's focus on senior secured
debt, positive asset quality performance, and adequate leverage metrics.
KBRA also noted Hercules' proven access to capital markets and its
expertise in investing in venture-backed companies with strong growth
potential as well as the quality of their credit risk management and
About Hercules Technology Growth Capital, Inc.
Hercules Technology Growth Capital, Inc. (NYSE: HTGC) ("Hercules") is
the leading specialty finance company focused on providing senior
secured venture growth loans to high-growth, innovative venture
capital-backed companies in the technology, biotechnology, life
sciences, healthcare, and energy & renewable technology industries.
Since inception (December 2003), Hercules has committed more than $5.5
billion to over 325 companies and is the lender of choice for
entrepreneurs and venture capital firms seeking growth capital
financing. Companies interested in learning more about financing
opportunities should contact firstname.lastname@example.org,
or call 650.289.3060.
Hercules' common stock trades on the New York Stock Exchange (NYSE)
under the ticker symbol "HTGC."
In addition, Hercules has three outstanding bond issuances of 7.00%
Notes due April 2019, 7.00% Notes due September 2019, and 6.25% Notes
due July 2024, which trade on the NYSE under the symbols "HTGZ," "HTGY,"
and "HTGX," respectively.
The information disclosed in this release is made as of the date hereof
and reflects Hercules most current assessment of its historical
financial performance. Actual financial results filed with the
Securities and Exchange Commission may differ from those contained
herein due to timing delays between the date of this release and
confirmation of final audit results. These forward-looking statements
are not guarantees of future performance and are subject to
uncertainties and other factors that could cause actual results to
differ materially from those expressed in the forward-looking statements
including, without limitation, the risks, uncertainties, including the
uncertainties surrounding the current market volatility, and other
factors we identify from time to time in our filings with the Securities
and Exchange Commission. Although we believe that the assumptions on
which these forward-looking statements are based are reasonable, any of
those assumptions could prove to be inaccurate and, as a result, the
forward-looking statements based on those assumptions also could be
incorrect. You should not place undue reliance on these forward-looking
statements. The forward-looking statements contained in this release are
made as of the date hereof, and Hercules assumes no obligation to update
the forward-looking statements for subsequent events.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150910005431/en/
Hercules Technology Growth Capital, Inc.
Michael Hara, 650-433-5578
Investor Relations and Corporate Communications
Source: Hercules Technology Growth Capital, Inc.
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