Correction: Hercules Capital Receives Secured Debt Rating Upgrade to BBB from Fitch Ratings, Inc.
Hercules Capital (NYSE: HTGC), the leading specialty financing provider to innovative venture and growth companies, has received a significant credit rating upgrade from Fitch Ratings. The firm's senior secured debt rating has been elevated to BBB from BBB-, while maintaining its BBB- issuer default rating and unsecured debt ratings.
According to Fitch, the upgrade reflects Hercules' strong recovery prospects in stress scenarios, supported by its funding mix and asset coverage. Seth Meyer, CFO of Hercules, highlighted that the rating upgrade demonstrates the company's scale and quality of their differentiated venture lending business model, along with their consistent ability to deliver shareholder returns across various market cycles.
Hercules Capital (NYSE: HTGC), il principale fornitore di finanziamenti specializzati per aziende innovative in fase di venture e crescita, ha ricevuto un importante miglioramento del rating creditizio da Fitch Ratings. Il rating del debito senior garantito dell'azienda è stato elevato a BBB da BBB-, mantenendo però il rating di default dell'emittente e il rating del debito non garantito a BBB-.
Secondo Fitch, l'upgrade riflette le forti prospettive di ripresa di Hercules in scenari di stress, supportate dalla combinazione di finanziamenti e dalla copertura degli asset. Seth Meyer, CFO di Hercules, ha sottolineato che il miglioramento del rating dimostra la dimensione e la qualità del loro modello di business di venture lending differenziato, insieme alla loro costante capacità di offrire ritorni agli azionisti attraverso diversi cicli di mercato.
Hercules Capital (NYSE: HTGC), el principal proveedor de financiamiento especializado para empresas innovadoras en etapa de venture y crecimiento, ha recibido una mejora significativa en su calificación crediticia por parte de Fitch Ratings. La calificación de la deuda senior garantizada de la firma ha sido elevada a BBB desde BBB-, manteniendo su calificación de incumplimiento del emisor y de deuda no garantizada en BBB-.
Según Fitch, la mejora refleja las fuertes perspectivas de recuperación de Hercules en escenarios de estrés, respaldadas por su combinación de financiamiento y cobertura de activos. Seth Meyer, CFO de Hercules, destacó que la mejora en la calificación demuestra la escala y calidad de su modelo de negocio diferenciado de préstamos de venture, junto con su capacidad constante para entregar retornos a los accionistas a lo largo de varios ciclos de mercado.
Hercules Capital (NYSE: HTGC)는 혁신적인 벤처 및 성장 기업에 특화된 금융 서비스를 제공하는 선도 업체로, Fitch Ratings로부터 신용 등급이 크게 상향 조정되었습니다. 회사의 선순위 담보부 채무 등급이 BBB-에서 BBB로 상향 조정되었으며, 발행자 디폴트 등급과 무담보 채무 등급은 BBB-로 유지되었습니다.
Fitch에 따르면 이번 등급 상향은 자금 조달 구성과 자산 담보를 바탕으로 스트레스 상황에서의 Hercules의 강력한 회복 가능성을 반영합니다. Hercules의 CFO인 Seth Meyer는 이번 등급 상향이 차별화된 벤처 대출 비즈니스 모델의 규모와 품질, 그리고 다양한 시장 사이클에서 주주 수익을 꾸준히 제공해온 능력을 입증한다고 강조했습니다.
Hercules Capital (NYSE: HTGC), principal fournisseur de financement spécialisé pour les entreprises innovantes en phase de capital-risque et de croissance, a reçu une amélioration significative de sa note de crédit par Fitch Ratings. La note de la dette senior garantie de la société a été relevée à BBB depuis BBB-, tout en maintenant sa note de défaut émetteur et ses notes de dette non garantie à BBB-.
Selon Fitch, cette amélioration reflète les fortes perspectives de redressement d'Hercules en cas de scénarios de stress, soutenues par sa composition de financement et la couverture de ses actifs. Seth Meyer, directeur financier d'Hercules, a souligné que cette revalorisation témoigne de l'envergure et de la qualité de leur modèle commercial différencié de prêt en capital-risque, ainsi que de leur capacité constante à générer des rendements pour les actionnaires à travers différents cycles de marché.
Hercules Capital (NYSE: HTGC), der führende Anbieter von Spezialfinanzierungen für innovative Venture- und Wachstumsunternehmen, hat von Fitch Ratings eine bedeutende Bonitätsverbesserung erhalten. Das Rating der vorrangig besicherten Schuldverschreibungen wurde von BBB- auf BBB angehoben, während das Ausfall-Rating des Emittenten und das Rating für unbesicherte Schulden bei BBB- beibehalten wurden.
Fitch zufolge spiegelt das Upgrade die starken Erholungsaussichten von Hercules in Stressszenarien wider, unterstützt durch die Finanzierungsstruktur und die Vermögensdeckung. Seth Meyer, CFO von Hercules, betonte, dass das Rating-Upgrade die Größe und Qualität ihres differenzierten Venture-Lending-Geschäftsmodells sowie ihre konstante Fähigkeit zeigt, den Aktionären über verschiedene Marktzyklen hinweg Renditen zu liefern.
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“We are very pleased that Fitch has upgraded our senior secured debt rating to BBB,” stated Seth Meyer, chief financial officer of Hercules. “We believe this rating reflects the scale and quality of our differentiated and diversified venture and growth stage lending business model, combined with our proven ability to deliver consistent shareholder returns through various cycles.”
According to Fitch, the upgraded BBB senior secured debt rating reflects the Company’s good recovery prospects in a stress scenario given its funding mix and available asset coverage. The rating action did not result in any changes to Hercules’ issuer default rating (“IDR”) or unsecured debt ratings, which remain at BBB-.
About Hercules Capital, Inc.
Hercules Capital, Inc. (NYSE: HTGC) 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 and life sciences industries. Since inception (December 2003), Hercules has committed more than
Hercules, through its wholly owned subsidiary business, Hercules Adviser LLC (the “Adviser Subsidiary”), also maintains an asset management business through which it manages investments for external parties (“Adviser Funds”). The Adviser Subsidiary is registered as an investment adviser under the Investment Advisers Act of 1940.
Hercules’ common stock trades on the New York Stock Exchange (NYSE) under the ticker symbol “HTGC.” In addition, Hercules has one retail bond issuance of
Forward-Looking Statements
This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. We may use words such as “anticipates,” “believes,” “expects,” “intends,” “will,” “should,” “may” and similar expressions to identify forward-looking statements. Forward-looking statements are not guarantees of future performance and should not be relied upon in making any investment decision. Such statements are based on currently available operating, financial and competitive information and are subject to various risks and uncertainties that could cause actual results to differ materially from our historical experience and our present expectations. While we cannot identify all such risks and uncertainties, we urge you to read the risks discussed in our Annual Report on Form 10-K and other materials that we publicly file with the Securities and Exchange Commission. Any forward-looking statements made in this press release are made only as of the date hereof. Hercules assumes no obligation to update any such statements in the future.
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Michael Hara
Investor Relations and Corporate Communications
Hercules Capital, Inc.
(650) 433-5578
mhara@htgc.com
Source: Hercules Capital, Inc.
FAQ
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