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 has successfully closed two new debt financings, raising a total of $200 million. This includes $150 million in Class A Notes, which have a 4.95% fixed interest rate and mature on July 20, 2031, and $50 million in June Notes, bearing a 6.00% interest rate and maturing on June 23, 2025. The June Notes received a BBB+ rating from Kroll Bond Rating Agency. Hercules has committed over $14 billion since 2003, focusing on senior secured venture growth loans to innovative companies.
Hercules Capital (NYSE: HTGC) has successfully increased its credit facilities, raising its MUFG facility from $400.0 million to $545.0 million and its SMBC facility from $100.0 million to $175.0 million.
The total combined credit capacity now stands at $720.0 million. This expansion is part of Hercules' strategy to support business growth and capitalize on market opportunities, according to CFO Seth Meyer.
Hercules Capital, Inc. (NYSE: HTGC) announced a BBB- investment grade credit rating from Fitch Ratings with a stable outlook. This rating acknowledges Hercules' diversified lending model and strong credit track record. Key highlights include a focus on first lien debt investments, a solid asset coverage ratio above 25%, and a flexible funding strategy. Since December 2003, Hercules has committed over $14 billion to more than 570 companies, reinforcing its position as a leading provider of venture growth loans.
Hercules Capital, Inc. (NYSE: HTGC) will conduct its 2022 Annual Meeting of Stockholders virtually on June 23, 2022, at 9:00 a.m. Pacific Time. The proxy statement was sent on May 4, 2022, to shareholders of record as of April 25, 2022. Key voting matters include the election of two directors, an advisory vote on executive compensation, and the ratification of the independent accounting firm. Hercules Capital provides senior secured venture growth loans and has committed over $14 billion to over 570 companies since its inception in December 2003.
Hercules Capital, Inc. (NYSE: HTGC) announced record financial results for Q1 2022, showcasing:
- Net Debt Portfolio Growth: $190.7 Million
- Total Gross Debt and Equity Commitments: $615.2 Million
- Total Gross Fundings: $351.6 Million
Additionally, the company reported an Undistributed Earnings Spillover of $171.7 Million, equating to $1.39 per share. This reflects Hercules’ strong position in providing financing to growth-stage companies backed by reputable venture capital firms.
Hercules Capital has announced a supplemental cash distribution of $0.15 per share, in addition to the regular quarterly distribution of $0.33 for Q1 2022. This payment is sourced from undistributed taxable income as of March 31, 2022. Noteworthy dates include May 17, 2022 for the record date and May 24, 2022 for the payment date. Hercules maintains a variable distribution policy aiming for 90% to 100% of taxable income, allowing for potential supplemental payments based on performance.
Hercules Capital has declared a first quarter 2022 cash distribution of $0.33 per share, with record and payment dates on May 17 and May 24, respectively. The company maintains a variable distribution policy aiming to distribute 90%-100% of its taxable income. For the first quarter, all distributions were derived from current and accumulated earnings. Additionally, 100% of this quarter's distributions qualify as exempt from U.S. withholding tax for non-U.S. shareholders. Hercules has committed over $13 billion to more than 560 companies since 2003.
Hercules Capital, Inc. (NYSE: HTGC) announced that DBRS Morningstar has reaffirmed its BBB investment grade corporate rating, revising the trend from stable to positive. This change reflects Hercules' strong scale, moderate financial leverage, and effective risk management. The positive trend indicates resilience through business cycles and favorable positioning in a rising interest rate environment. Hercules has committed over $13 billion to more than 560 companies since inception in December 2003, highlighting its commitment to venture growth financing.
Hercules Capital, Inc. (NYSE: HTGC) will host a conference call on May 5, 2022, at 2:00 p.m. PT to discuss its first quarter 2022 financial results, releasing results post-market close. Investors can tune in by calling (877) 304-8957 or via a live webcast available on investor.htgc.com. Hercules Capital, recognized for its specialty financing services, has committed over $13 billion to more than 560 companies since its inception in 2003.
Hercules Capital, Inc. (NYSE: HTGC) announced its participation in the Piper Sandler Western Financial Services Conference on March 8, 2022, in San Diego, CA. The company is a leading specialty financing provider focused on delivering senior secured venture growth loans to innovative, venture capital-backed firms. Since inception, Hercules has committed over $13 billion to more than 560 companies. Hercules also operates an asset management business through Hercules Adviser LLC, which manages investments for external parties.