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 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 has declared a new supplemental cash distribution of $0.60 per share, to be distributed over four quarters, starting with $0.15 for Q4 2021. This is an increase from the previously declared $0.07 per share. The record date for this distribution is March 9, 2022, and the payment date is March 16, 2022. Hercules aims to distribute 90%-100% of its taxable income annually, benefiting shareholders through regular and supplemental distributions.
Hercules Capital (NYSE: HTGC) announced a cash distribution of $0.33 per share for the fourth quarter of 2021, with a record date of March 9, 2022 and a payment date of March 16, 2022. The company maintains a variable distribution policy aimed at distributing 90% to 100% of its taxable income annually. For Q4 2021, 88.3% of declared distributions were classified as Qualified Interest Income (QII), potentially exempt from U.S. withholding tax for foreign shareholders. Hercules has committed over $13 billion to more than 540 companies since its inception in 2003.
Hercules Capital (NYSE: HTGC) has scheduled its fourth quarter and full-year 2021 financial results conference call for February 22, 2022, at 2:00 p.m. PT. Financial results will be released after market close on the same day. Investors can join the call by dialing (877) 304-8957, with access to a taped replay available for seven days. Hercules Capital, the largest specialty finance company providing venture growth loans, has committed over $13 billion to more than 540 companies since its inception in December 2003. The company also manages investments through Hercules Adviser LLC.
Hercules Capital (NYSE: HTGC) has announced key internal promotions and a new addition to its executive management team. Christian Follmann has been promoted to Chief Operating Officer, Charlie Vandis to Chief Credit Officer, and Kiersten Zaza Botelho has joined as General Counsel and Chief Compliance Officer. The CEO, Scott Bluestein, emphasized the importance of these moves to enhance the company's capabilities and market position in venture and growth stage lending. Hercules has committed over $13 billion to more than 540 companies since its inception in 2003.
Hercules Capital (NYSE: HTGC) has successfully closed an underwritten public offering of $350 million in 3.375% notes due January 2027. Proceeds will be used to repay existing convertible notes, support investments, and for general corporate purposes. Moody’s assigned a Baa3 rating while Kroll rated it BBB+. The notes are unsecured, pay interest semiannually, and may be redeemed early at par plus a potential premium.
Hercules Capital has priced an underwritten public offering of $350 million in 3.375% notes maturing on January 20, 2027. The offering is subject to customary conditions and expected to close on January 20, 2022. Proceeds will be used to repay 4.375% convertible notes due 2022, fund investments, and for general corporate purposes. The company has committed over $13 billion since its inception in December 2003, focusing on growth loans for venture-backed companies.
Hercules Capital (NYSE: HTGC) has achieved a record $2.0 billion in gross debt and equity commitments year-to-date, surpassing its previous record of $1.47 billion. This milestone is attributed to the company's robust venture and growth stage lending platform and diverse strategies. CEO Scott Bluestein highlighted the importance of quality team dynamics and disciplined underwriting for long-term success. Hercules has committed over $13 billion since its inception in 2003 and continues to lead in providing growth loans to innovative companies.
Hercules Capital, Inc. (NYSE: HTGC) has announced a new $100 million multi-currency credit facility with Sumitomo Mitsui Banking Corporation effective November 9, 2021. This facility features an accordion feature expandable to $150 million, with an interest rate of LIBOR plus 1.875% and a maximum advance rate of 75%. Additionally, Hercules recently completed a 5-year, $325 million investment-grade bond offering at 2.625%. These financial maneuvers aim to reduce capital costs and enhance operational flexibility for Hercules Capital.
Hercules Capital, Inc. (NYSE: HTGC) announced its participation in the Jefferies Sixth Annual Virtual BDC Summit on November 17, 2021, and the JMP Securities Financial Services and Real Estate Conference on November 18, 2021. The Company specializes in providing senior secured venture growth loans to high-growth companies in technology and life sciences. Since its inception in December 2003, Hercules has committed over $12.8 billion to more than 540 companies. Hercules also manages investments through its subsidiary, Hercules Adviser LLC.
Hercules Capital (NYSE: HTGC) has announced a supplemental cash distribution of $0.07 per share, to be paid on November 17, 2021. This is in addition to the regular quarterly distribution of $0.33 per share for Q3 2021. The supplemental payment will come from undistributed taxable income as of September 30, 2021. The company maintains a distribution policy aiming to distribute approximately 90%-100% of its taxable income, with 88.6% of the current distributions categorized as Qualified Interest Income exempt from U.S. withholding tax for non-U.S. shareholders.