Welcome to our dedicated page for Hercules Capital news (Ticker: HCXY), a resource for investors and traders seeking the latest updates and insights on Hercules Capital stock.
Hercules Capital, Inc. 6.25% Notes due 2033 (NYSE: HCXY) are exchange-listed debt securities of Hercules Capital, Inc., a specialty finance company focused on senior secured venture growth loans. The news flow associated with HCXY is closely tied to Hercules Capital’s broader corporate announcements, earnings results, capital markets activity, and rating updates, because the notes reflect the credit profile and funding strategy of the issuer.
On this page, readers can follow news items where Hercules Capital references its 6.25% Notes due 2033 alongside its common stock. The company’s press releases often discuss quarterly financial results, cash distributions on its common stock, leverage and liquidity metrics, and changes in investment grade credit ratings from agencies such as Moody’s Investors Service and Kroll Bond Rating Agency. These developments are relevant for HCXY holders because they provide insight into the financial condition and risk profile of the issuer behind the notes.
Hercules Capital’s news also covers topics such as the launch and growth of adviser-managed private credit funds through its wholly owned subsidiary Hercules Adviser LLC, assets under management across the Hercules platform, and its role as a provider of senior secured venture growth loans to high-growth, innovative venture capital-backed companies in technology and life sciences industries. While these announcements are not specific to HCXY alone, they help frame the operating environment and capital structure in which the 6.25% Notes due 2033 exist.
Investors and researchers can use the HCXY news feed to monitor how Hercules Capital describes its business performance, capital raising activities, and rating actions over time, all of which can inform views on the issuer’s ability to meet its obligations under the 6.25% Notes due 2033.
Hercules Capital, Inc. (NYSE: HTGC) reported a record total gross debt and equity commitments of $2.48 Billion for Q3 2022, with gross fundings reaching $1.10 Billion. The company saw a net debt portfolio growth of $465.1 Million and total investment income increased by 20% year-over-year to $84.2 million. Hercules also announced a net investment income of $0.39 per share, covering the increased base distribution payout of $0.36.
Undistributed earnings stand at $134.1 Million.
Hercules Capital, Inc. (NYSE: HTGC) has scheduled its third quarter 2022 financial results conference call for November 2, 2022, at 2:00 p.m. PT (5:00 p.m. ET). Financial results will be released after market close on the same day. The company is a leader in providing senior secured venture growth loans, having committed over $15 billion to more than 590 companies since its inception in December 2003. Investors can access a live webcast of the call on their website, with an archived version available for 30 days.
Hercules Capital, Inc. (NYSE: HTGC) has announced a supplemental cash distribution of $0.15 per share, set to be paid on November 17, 2022, following the record date of November 10, 2022. This distribution is in addition to the regular quarterly cash distribution of $0.36 per share for Q3 2022. The supplemental distribution is derived from undistributed taxable income as of September 30, 2022. Hercules' Board aims to distribute approximately 90% to 100% of its taxable income annually.
Hercules Capital (NYSE: HTGC) has declared a third-quarter 2022 cash distribution of $0.36 per share, with key dates of record on November 10, 2022 and payment on November 17, 2022. The company follows a variable distribution policy, aiming to distribute up to 100% of its taxable income for the year. For Q3 2022, 100% of the declared distributions were from current earnings. Additionally, 87.1% of these distributions qualify as “Qualified Interest Income” exempt from U.S. withholding tax for foreign shareholders.
Hercules Capital, Inc. (NYSE: HTGC) announced that Kroll Bond Rating Agency reaffirmed its investment grade corporate and credit rating at BBB+ with a stable outlook. This rating underscores Hercules' effective venture capital lending strategy and the strong management team's capabilities. The rating reflects the company's focus on senior secured debt investments in technology and life sciences, minimal non-accruals, and solid capital market access. Since its inception, Hercules has committed over $15 billion to more than 590 companies, establishing itself as a leading finance provider.
Hercules Capital (NYSE: HTGC) reported record financial metrics for the first half of 2022, including total gross debt and equity commitments of $1.66 billion and gross fundings of $790.7 million. The net debt investment portfolio grew by $359.8 million. For Q2, total gross debt and equity commitments reached $1.04 billion, and the quarterly base cash distribution increased to $0.35 per share. The company also announced an undistributed earnings spillover of $150.5 million.
Hercules Capital, Inc. (NYSE: HTGC) announced a supplemental cash distribution of $0.15 per share, in addition to its regular quarterly distribution of $0.35 for Q2 2022. The supplemental distribution, to be paid from undistributed taxable income, has a record date of August 9, 2022 and a payment date of August 16, 2022. Hercules aims to distribute 90%-100% of its taxable income quarterly and has designated 87.1% of this distribution as Qualified Interest Income, potentially exempting it from U.S. withholding tax for foreign shareholders.
Hercules Capital, the leading specialty finance provider, announced a second quarter 2022 cash distribution of $0.35 per share. The record date is August 9, 2022, with payments made on August 16, 2022. The company's distribution policy aims to allocate approximately 90% to 100% of its taxable income. For the second quarter, 87.1% of the declared distributions were from current and accumulated earnings. Hercules has committed over $14 billion to more than 570 companies since its inception in December 2003.
Hercules Capital, Inc. (NYSE: HTGC) has announced a conference call scheduled for July 28, 2022, at 2:00 p.m. PT to discuss its second quarter 2022 financial results. The results will be released after market close the same day. Hercules Capital, a leader in providing senior secured loans to venture-backed companies, has committed over $14 billion to more than 570 companies since its inception in 2003. Investors can participate through a live webcast or via telephone registration.
Hercules Capital (NYSE: HTGC) announced the appointment of DeAnne Aguirre as an independent board member, effective June 23, 2022. With over 30 years of executive experience in managing complex business units, Aguirre will join the Nominating and Corporate Governance Committee. CEO Scott Bluestein highlighted her extensive industry experience as a valuable asset for the firm, especially as it expands its market reach. Aguirre's previous roles include being Managing Partner at PricewaterhouseCoopers and serving on the board of Cisive.