Hercules Capital reports developments for a specialty finance company focused on senior secured venture growth loans to venture capital-backed and select private equity-backed companies in technology, life sciences and related growth industries. News commonly covers debt and equity commitments, fundings, portfolio activity, earnings results, net investment income, leverage, liquidity and cash distributions.
The company also reports governance and capital-market developments tied to its public securities, including its NYSE-listed common stock and 6.25% Notes due 2033 under the symbol HCXY. Recurring updates include annual meeting materials, executive leadership changes, credit ratings, adviser-subsidiary activity and external funds managed through Hercules Adviser LLC.
Hercules Capital (HTGC) announced that Fitch affirmed its investment-grade corporate and unsecured credit rating at BBB-, with a stable outlook. Fitch also affirmed the company’s secured debt rating at BBB. The ratings reflect its first-lien investment focus, credit track record, consistent operating performance and funding flexibility.
Hercules Capital (NYSE: HTGC) will release its third quarter 2026 financial results after market close on October 29, 2026.
A conference call will follow at 2:00 p.m. PT (5:00 p.m. ET), with telephone access and a live webcast. An archived webcast replay will be available through the company's Investor Relations website.
Hercules Capital (NYSE: HTGC) closed an upsized underwritten public offering of $400.0 million in unsecured notes due in October 2029.
The notes pay 6.700% annual interest semiannually and mature October 8, 2029. Hercules expects to use net proceeds to repay outstanding unsecured and/or secured debt, fund investments and support general corporate purposes. Initial ratings were Baa2 from Moody’s and BBB- from Fitch.
Hercules Capital (NYSE: HTGC) priced an underwritten public offering of $400.0 million in unsecured notes to finance its disclosed funding needs. The notes bear 6.70% annual interest, payable semiannually, and mature on October 8, 2029. Delivery and payment are expected on October 8, 2026, subject to customary closing conditions.
The company expects to use net proceeds to repay outstanding unsecured and/or secured indebtedness under existing financing arrangements, fund investments and support general corporate purposes. Hercules may redeem the notes in whole or in part at its option at par, plus a make-whole premium, if applicable—a payment associated with early redemption.
Hercules Capital (HCXY, HTGC) appointed Alfred B. Fichera as an independent member of its board of directors, effective September 17, 2026.
Fichera will serve on the company’s Audit Committee. He brings more than 40 years of audit and accounting experience in financial services and asset management, including senior leadership roles at KPMG from 1982 to 2019 and current work as an expert witness and non-profit board member.
Hercules Capital (HTGC) and Hercules Adviser report that Hercules Adviser has surpassed $2.3 billion in investable capital after closing new equity commitments and a rated securitization.
The new capital is raised across two institutional private credit vehicles, Hercules Evergreen Fund, a perpetual open-end fund, and Hercules Growth Lending IV, a closed-end limited partnership. Together with Hercules Capital, the firm now manages approximately $6.1 billion of assets and, as of June 30, 2026, has committed over $28.0 billion to more than 700 portfolio companies in technology and life sciences.
Hercules Capital (NYSE: HTGC) announced that Kroll Bond Rating Agency (KBRA) has affirmed the company’s investment grade corporate and credit rating at BBB+ with a stable outlook. KBRA’s assessment cites Hercules’ diversified portfolio focused on senior secured first lien venture debt, over 23 years of operating history, appropriate leverage metrics, robust risk management, experienced investment team, strong capital markets access, diversified funding mix, and a high proportion of senior unsecured debt that supports noteholder protection and financial flexibility.
Hercules Capital (NYSE: HCXY, HTGC) reported record first-half 2026 activity, including total new debt and equity commitments of $2.74 billion, up 35.6% year-over-year, and total fundings of $1.35 billion, up 8.5%. First-half 2026 total investment income reached $290.7 million, an increase of 13.1%, while net investment income (NII) was $181.0 million, up 8.9%.
For Q2 2026, Hercules posted record total investment income of $149.1 million, up 8.5% year-over-year, and record NII of $92.9 million, up 4.7%, or $0.50 per share, providing 125% coverage of the base cash distribution. The company reported net GAAP leverage of 101.8% and net regulatory leverage of 86.4%, over $1.0 billion of available liquidity including adviser-managed funds, undistributed earnings spillover of $171.7 million (or $0.92 per ending share), and approximately $6.1 billion of assets under management, up 14.4% year-over-year. Hercules scheduled its Q2 2026 earnings conference call for July 30, 2026.
Hercules Capital (NYSE: HTGC) declared a second quarter 2026 total cash distribution of $0.47 per share, consisting of a $0.40 base distribution and a $0.07 supplemental distribution. The record date is August 11, 2026, with payment on August 18, 2026.
The Board follows a variable distribution policy targeting approximately 90%–100% of taxable quarterly or potential annual income, and may add supplemental distributions to distribute most annual taxable income or spill excess into the next year. For the quarter ended June 30, 2026, 100% of distributions were from current and accumulated earnings and profits. Year-to-date through June 30, 2026, 78.65% of distributions on Hercules’ common stock are designated as Qualified Interest Income.
Hercules Capital (NYSE: HTGC, Nasdaq: HCXY) closed an underwritten institutional offering of $325.0 million aggregate principal amount of 6.300% unsecured notes due July 24, 2031. The notes pay interest semiannually, are redeemable at the company’s option at par plus any applicable make‑whole premium, and received initial ratings of Baa2 from Moody’s and BBB- from Fitch.
According to Hercules Capital, net proceeds are expected to be used to repay outstanding unsecured and/or secured indebtedness under existing financing arrangements, fund new investments consistent with its investment objectives, and for general corporate purposes.