BBB- rating assigned to 6.25% Notes due July 2024 and 7.00% Notes due
April and September 2019
PALO ALTO, Calif.--(BUSINESS WIRE)--
Capital, Inc. (NYSE:HTGC) ("Hercules" or the "Company") today
announced that Standard & Poor's Ratings Services ("S&P") has assigned a
BBB- rating to the following Hercules unsecured notes: 6.25% Notes due
July 2024; 7.00% Notes due April 2019; and, 7.00% Notes due September
2019. This rating will also cover the additional $65.4 million in
aggregate principal amount of 6.25% Notes due July 2024 which the
Company expects to issue on May 2, 2016 pursuant to an underwritten
public offering. S&P issued a statement announcing the credit rating and
stable outlook in conjunction with the recent additional offering of the
6.25% Notes due July 2024, and subsequently assigned a BBB- credit
rating to both the 7.00% Notes.
About Hercules Capital, Inc.
Hercules Capital, Inc. (NYSE: HTGC) ("Hercules") is the leading and
largest specialty finance company focused on providing senior secured
venture growth loans to high-growth, innovative venture capital-backed
companies in a broadly diversified variety of technology, life sciences
and sustainable and renewable technology industries. Since inception
(December 2003), Hercules has committed $5.9 billion to 349 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 press 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 SEC 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 the Company identifies from time to time in its
filings with the SEC. Although Hercules believes 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/20160428005541/en/
Hercules Capital, Inc.
Michael Hara, 650-433-5578 HT-HN
Relations and Corporate Communications
Source: Hercules Capital, Inc.
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