Hercules Capital Receives a BBB+ Reaffirmed Investment Grade Corporate Rating from Kroll Bond Rating Agency, Inc.
Hercules Capital (NYSE: HTGC) has received a BBB+ investment grade corporate rating reaffirmation from Kroll Bond Rating Agency (KBRA). This rating underscores Hercules' strong 20-year operating record and validates its differentiated business model in specialty financing for innovative venture, growth, and established stage companies.
The BBB+ rating reflects Hercules' diversified investment portfolio, focusing on senior secured first lien venture debt investments in technology and life sciences sectors. It also highlights the company's solid credit quality, robust risk management, and experienced investment team. KBRA's affirmation is supported by Hercules' proven access to capital markets, diversified funding mix, and high proportion of unsecured debt, providing solid protection for noteholders.
Hercules Capital (NYSE: HTGC) ha ricevuto una conferma di rating aziendale investment grade BBB+ dall'agenzia Kroll Bond Rating Agency (KBRA). Questo rating sottolinea il forte record operativo di 20 anni di Hercules e valida il suo modello di business differenziato nel finanziamento specializzato per aziende innovative, in crescita e consolidate.
Il rating BBB+ riflette il portafoglio di investimenti diversificato di Hercules, che si concentra su investimenti in debito di venture capital senior garantiti da prima linea nei settori della tecnologia e delle scienze della vita. Sottolinea inoltre la solida qualità creditizia dell'azienda, la robusta gestione del rischio e un team di investimento esperto. L'affermazione di KBRA è sostenuta dal provato accesso di Hercules ai mercati dei capitali, da una miscela di finanziamento diversificata e da un’alta proporzione di debito non garantito, fornendo una solida protezione per i detentori di note.
Hercules Capital (NYSE: HTGC) ha recibido una reconfirmación de calificación crediticia corporativa BBB+ de Kroll Bond Rating Agency (KBRA). Esta calificación subraya el sólido historial operativo de 20 años de Hercules y valida su modelo de negocio diferenciado en financiamiento especializado para empresas innovadoras, en crecimiento y consolidadas.
La calificación BBB+ refleja el portafolio de inversiones diversificado de Hercules, enfocado en inversiones de deuda de capital de riesgo senior garantizadas en los sectores de tecnología y ciencias de la vida. También destaca la sólida calidad crediticia de la empresa, la robusta gestión de riesgos y un equipo de inversión experimentado. La afirmación de KBRA está respaldada por el acceso comprobado de Hercules a los mercados de capitales, una mezcla de financiación diversificada y una alta proporción de deuda no garantizada, que proporciona una sólida protección para los tenedores de notas.
헤라클레스 캐피탈 (NYSE: HTGC)는 Kroll Bond Rating Agency (KBRA)로부터 BBB+ 투자 등급 기업 신용 등급 재확인을 받았습니다. 이 등급은 헤라클레스의 20년 간의 강력한 운영 기록을 강조하며 혁신적인 벤처, 성장, 및 확립 단계 기업에 대한 차별화된 비즈니스 모델을 검증합니다.
BBB+ 등급은 기술 및 생명 과학 분야의 선순위 담보 벤처 부채 투자에 초점을 맞춘 헤라클레스의 다양한 투자 포트폴리오를 반영합니다. 또한 회사의 견고한 신용 품질, 강력한 리스크 관리 및 경험이 풍부한 투자 팀을 강조합니다. KBRA의 재확인은 헤라클레스의 입증된 자본 시장 접근성, 다양한 자금 조달 믹스, 높은 비율의 무담보 부채에 의해 뒷받침되며, 이는 채권자들에게 견고한 보호를 제공합니다.
Hercules Capital (NYSE: HTGC) a reçu une confirmation de notation de crédit d'entreprise BBB+ de la part de Kroll Bond Rating Agency (KBRA). Cette notation souligne le solide historique opérationnel de 20 ans d'Hercules et valide son modèle commercial différencié dans le financement spécialisé pour des entreprises innovantes, en croissance et établies.
La notation BBB+ reflète le portefeuille d'investissements diversifié d'Hercules, axé sur des investissements en dette de capital-risque senior sécurisés dans les secteurs de la technologie et des sciences de la vie. Elle met également en avant la solide qualité crédit de l'entreprise, la gestion des risques robuste et une équipe d'investissement expérimentée. La confirmation de KBRA est soutenue par l'accès prouvé d'Hercules aux marchés de capitaux, un mélange de financement diversifié et une forte proportion de dettes non garanties, offrant une solide protection aux détenteurs de notes.
Hercules Capital (NYSE: HTGC) hat von der Kroll Bond Rating Agency (KBRA) eine Bestätigung des Unternehmensratings BBB+ erhalten. Diese Bewertung unterstreicht die starke 20-jährige Betriebshistorie von Hercules und bestätigt sein differenziertes Geschäftsmodell im Spezialfinanzierungsbereich für innovative Startups, Wachstumsunternehmen und etablierte Firmen.
Das BBB+ Rating reflektiert Hercules' diversifiziertes Anlageportfolio, das sich auf gesicherte vorrangige Fremdkapitalinvestitionen im Bereich Technologie und Lebenswissenschaften konzentriert. Es hebt zudem die solide Kreditqualität des Unternehmens, das robuste Risikomanagement und das erfahrene Investmentteam hervor. Die Bestätigung von KBRA wird durch Hercules' nachgewiesenen Zugang zu den Kapitalmärkten, eine diversifizierte Finanzierungsstruktur und einen hohen Anteil an ungesicherten Schulden gestützt, was einen soliden Schutz für die Anleihegläubiger bietet.
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“We are very pleased that KBRA has reaffirmed our BBB+ investment grade corporate and credit rating,” stated Seth Meyer, chief financial officer of Hercules. “This rating exemplifies our strong 20-year operating record and further validates our differentiated business model, scale and institutionalized lending platform.”
The affirmed BBB+ rating reflects the Company’s diversified investment portfolio with a focus on senior secured first lien venture debt investments in the technology and life sciences sectors, solid 20-year operating record, including during the global financial crisis, and appropriate leverage metrics. The Company’s solid credit quality has benefited from the Company’s robust risk management and solid investment team with years of experience in the venture capital space. Furthermore, the ratings are supported by the Company’s proven access to capital markets, diversified funding mix and high proportion of unsecured debt to total debt outstanding allowing for solid protection for noteholders.
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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