Hercules Capital Receives Investment Grade Rating Upgrade to BBB from Fitch Ratings, Inc.
Hercules Capital (NYSE: HTGC), the largest specialty financing provider to innovative venture and growth companies, has received a significant credit rating upgrade from Fitch Ratings. The firm's investment grade credit and corporate rating has been elevated to BBB from BBB- with a stable outlook.
According to Seth Meyer, CFO of Hercules, this upgrade acknowledges the company's scale and quality of their differentiated venture and growth stage lending business model, along with their consistent delivery of shareholder returns across various market cycles. The improved BBB rating with stable outlook particularly highlights the company's strong recovery prospects during stress scenarios, supported by its funding mix and available asset coverage.
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 parte di Fitch Ratings. Il rating di credito investment grade e quello aziendale sono stati elevati a BBB da BBB- con outlook stabile.
Secondo Seth Meyer, CFO di Hercules, questo upgrade riconosce la dimensione e la qualità del loro modello di business differenziato nel finanziamento alle imprese in fase di venture e crescita, oltre alla costante erogazione di rendimenti agli azionisti attraverso diversi cicli di mercato. Il miglioramento al rating BBB con outlook stabile sottolinea in particolare le solide prospettive di recupero dell’azienda in scenari di stress, supportate dalla composizione del finanziamento e dalla copertura degli asset disponibili.
Hercules Capital (NYSE: HTGC), el mayor 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 crediticia de grado de inversión y corporativa de la firma ha sido elevada a BBB desde BBB- con perspectiva estable.
Según Seth Meyer, CFO de Hercules, esta mejora reconoce la escala y calidad de su modelo de negocio diferenciado de préstamos a empresas en etapa de venture y crecimiento, junto con su constante entrega de rendimientos a los accionistas a lo largo de diversos ciclos de mercado. La mejora a BBB con perspectiva estable destaca especialmente las sólidas perspectivas de recuperación de la empresa en escenarios de estrés, respaldadas por su combinación de financiamiento y la cobertura de activos disponible.
Hercules Capital (NYSE: HTGC)는 혁신적인 벤처 및 성장 기업에 특화된 최대 금융 제공업체로서, Fitch Ratings로부터 신용 등급이 크게 상향 조정되었습니다. 회사의 투자적격 신용 등급과 기업 등급이 BBB-에서 BBB로 상승했으며, 안정적인 전망을 유지하고 있습니다.
Hercules의 CFO인 Seth Meyer에 따르면, 이번 등급 상향은 벤처 및 성장 단계 대출 비즈니스 모델의 규모와 차별화된 품질, 그리고 다양한 시장 사이클에서 주주 수익을 꾸준히 제공해온 점을 인정한 것입니다. 안정적인 전망의 BBB 등급 상승은 특히 자금 조달 구성과 가용 자산 커버리지를 바탕으로 스트레스 상황에서 회사의 강력한 회복 가능성을 강조합니다.
Hercules Capital (NYSE: HTGC), le principal fournisseur de financement spécialisé pour les entreprises innovantes en phase de capital-risque et de croissance, a reçu une importante amélioration de sa note de crédit de la part de Fitch Ratings. La note de crédit investment grade et la notation d'entreprise ont été relevées à BBB depuis BBB- avec une perspective stable.
Selon Seth Meyer, directeur financier de Hercules, cette amélioration reconnaît l’envergure et la qualité de leur modèle commercial différencié de prêt aux entreprises en phase de capital-risque et de croissance, ainsi que leur capacité constante à générer des rendements pour les actionnaires à travers différents cycles de marché. La note BBB améliorée avec perspective stable met particulièrement en avant les solides perspectives de redressement de l’entreprise en cas de scénario de stress, soutenues par la combinaison de ses financements et la couverture des actifs disponibles.
Hercules Capital (NYSE: HTGC), der größte spezialisierte Finanzierer für innovative Venture- und Wachstumsunternehmen, hat von Fitch Ratings eine bedeutende Verbesserung seiner Kreditwürdigkeit erhalten. Das Investment-Grade-Rating und die Unternehmensbewertung wurden von BBB- auf BBB mit stabilem Ausblick angehoben.
Nach Angaben von Seth Meyer, CFO von Hercules, würdigt dieses Upgrade die Größe und Qualität ihres differenzierten Geschäftsmodells für Venture- und Wachstumsfinanzierungen sowie die konstante Erzielung von Aktionärsrenditen über verschiedene Marktzyklen hinweg. Das verbesserte BBB-Rating mit stabilem Ausblick hebt insbesondere die starken Erholungsaussichten des Unternehmens in Stresssituationen hervor, unterstützt durch die Finanzierungsstruktur und die vorhandene Vermögensdeckung.
- None.
- None.
“We are very pleased that Fitch has upgraded our investment grade credit and corporate rating to BBB with a stable outlook,” stated Seth Meyer, chief financial officer of Hercules. “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.”
The upgraded BBB rating with a stable outlook reflects the Company’s good recovery prospects in a stress scenario given its funding mix and available asset coverage.
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250416650733/en/
Michael Hara
Investor Relations and Corporate Communications
Hercules Capital, Inc.
(650) 433-5578
mhara@htgc.com
Source: Hercules Capital, Inc.
FAQ
What is the new Fitch credit rating for Hercules Capital (HTGC)?
Why did Fitch upgrade HTGC's credit rating in 2024?
What does the BBB rating upgrade mean for HTGC investors?
How does HTGC position itself in the venture lending market?
