Hercules Capital Named 2018 Specialty Finance Lender of the Year, Americas by Private Debt Investor

PALO ALTO, Calif.–(BUSINESS WIRE)–Hercules
Capital, Inc.
(NYSE: HTGC) (“Hercules” or the “Company”), the
largest and leading specialty finance provider to innovative, venture
growth stage companies backed by some of the leading U.S. and top-tier
venture capital and select private equity firms, was named 2018
Specialty Finance Lender of the Year, Americas by Private Debt Investor
magazine.

Each year, the PDI Awards acknowledge the best firms and deals in the
market. After initial nominations, readers vote on a select group of
finalists in each category. In 2018, Hercules achieved another record
year on multiple fronts and executed an impactful growth strategy,
launching the Hercules SaaS Financing Group, acquiring the venture
lending portfolio assets from Ares Capital Corporation (NASDAQ: ARCC) as
well as Gibraltar Business Capital’s asset-based lending and factoring
solutions platform, and originating over a record $1.21 billion in
investment commitments.

“Receiving the Private Debt Investor award for Specialty Finance
Lender of the Year, Americas is an outstanding recognition especially
after an amazing year of record setting achievements and tremendous
corporate accomplishments,” said Manuel A. Henriquez, chairman and chief
executive officer of Hercules. “Our team’s hard work and execution of
our corporate initiatives, combined with our portfolio companies’
successes, propelled Hercules to new heights in 2018. We will continue
to set the bar high as the capital provider of choice to some of the
leading disruptive and innovative portfolio companies with complimentary
strategic growth capital and the highest level of service in the
industry.”

Private Debt Investor is a global independent publication based
in London covering the private debt and private equity industries.

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 broad variety of technology, life sciences and
sustainable and renewable technology industries. Since inception
(December 2003), Hercules has committed more than $8.5 billion to over
450 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 info@htgc.com,
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 six
outstanding bond issuances of:

Institutional Notes PAR $1000.00

  • 4.625% Notes due 2022

Retail Notes (Baby Bonds) PAR $25.00

  • 5.25% Notes due 2025 (NYSE: HCXZ)
  • 6.25% Notes due 2033 (NYSE: HCXY)

Convertible Notes

  • 4.375% Convertible Notes due 2022

Securitization Notes

  • 4.605% Asset-backed Notes due 2027
  • 4.703% Asset-backed Notes due 2028

Forward-Looking Statements

This press release may contain “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995. You
should understand that under Section 27A(b)(2)(B) of the Securities Act
of 1933, as amended, and Section 21E(b)(2)(B) of the Securities Exchange
Act of 1934, as amended, or the Exchange Act, the “safe harbor”
provisions of the Private Securities Litigation Reform Act of 1995 do
not apply to forward-looking statements made in periodic reports we file
under the Exchange Act.

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
Securities and Exchange Commission 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
Securities and Exchange Commission. 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.

Contacts

Michael Hara
Investor Relations and Corporate Communications
Hercules
Capital, Inc.
650-433-5578
mhara@htgc.com

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