Welcome to our dedicated page for Hercules Capital news (Ticker: HTGC), a resource for investors and traders seeking the latest updates and insights on Hercules Capital stock.
Hercules Capital Inc. (NYSE: HTGC) maintains this dedicated news hub for investors tracking its specialty financing activities in technology, life sciences, and renewable energy sectors. Access timely updates on the company’s venture debt solutions, including senior secured loans and strategic partnerships with venture-backed enterprises.
This resource consolidates all official press releases and market-relevant developments, from quarterly earnings to executive leadership updates. Users will find detailed information on financing agreements, portfolio company milestones, and regulatory filings – essential for understanding HTGC’s role in venture growth capital markets.
Key content includes updates on biotechnology sector lending, renewable energy project financing, and structured debt arrangements with emerging technology firms. The curated news flow helps stakeholders monitor how Hercules Capital supports high-growth companies through customized financing solutions.
Bookmark this page for direct access to primary source materials about HTGC’s market activities. Check regularly for insights into how the company navigates opportunities in venture debt financing while maintaining its position as a leading provider of non-dilutive growth capital.
Hercules Capital, Inc. (NYSE: HTGC) has achieved over $1.0 billion in total debt and equity commitments year-to-date, marking the fourth consecutive year of such performance. CEO Scott Bluestein stated that the company is positioned to surpass its previous record of $1.47 billion in total commitments. The strong performance is attributed to the Technology and Life Sciences teams. Since 2003, Hercules has committed over $12.0 billion to more than 530 companies, making it a preferred financing partner in the venture growth sector.
Hercules Capital (HTGC) reported strong financial results for Q2 2021, achieving 100% coverage of dividend distributions with net investment income (NII) of $37.0 million, or $0.32 per share. Total investments increased to $2.4 billion, with net debt portfolio growth of nearly $57 million. The company maintained strong liquidity with $610 million available. Notably, 26 portfolio companies had exit events, contributing to $160 million in undistributed earnings spillover. However, effective yields decreased to 12.7% and there were net realized losses of $14.3 million this quarter.
Hercules Capital, Inc. (NYSE: HTGC) has announced a supplemental cash distribution of $0.07 per share, to be paid from undistributed taxable income as of June 30, 2021. The distribution will be made on August 18, 2021, with a record date of August 11, 2021. This is in addition to the regular quarterly cash distribution of $0.32 per share for Q2 2021. Hercules aims to distribute approximately 90% to 100% of its taxable income annually. Notably, 87.7% of the Q2 distributions are classified as Qualified Interest Income, possibly exempt from U.S. withholding tax for foreign investors.
Hercules Capital, Inc. (NYSE: HTGC) has announced a cash distribution of $0.32 per share for the second quarter of 2021, with a record date of August 11, 2021 and a payment date of August 18, 2021. The company follows a variable distribution policy aiming to distribute approximately 90% to 100% of its taxable quarterly income. As of the second quarter, 87.7% of the declared distributions are classified as Qualified Interest Income (QII), which may benefit non-U.S. shareholders by being exempt from U.S. withholding tax.
Hercules Capital, Inc. (NYSE: HTGC), the top specialty financing provider, has scheduled its second quarter 2021 financial results conference call for July 29, 2021, at 2:00 p.m. PT. The company will release its financial results after market close on the same day. A live webcast will be available on the investor relations section of Hercules' website, and a replay will be accessible for seven days post-call. Since its inception, Hercules has committed over $11.6 billion to more than 530 companies, focusing on senior secured loans to high-growth, innovative firms.
Hercules Capital, Inc. (NYSE: HTGC) has appointed Wade Loo to its board of directors, effective July 1, 2021. Mr. Loo brings over 40 years of experience in financial reporting, audit, and corporate development, enhancing the company's governance. He will serve on the Audit Committee. CEO Scott Bluestein noted that Loo's expertise will strengthen Hercules' diversified board amid its expansion strategy. Loo's background includes leadership roles with various organizations, including KPMG and several community and technology companies. Hercules has committed over $11.6 billion to 530+ companies since 2003.
Hercules Capital, Inc. (NYSE: HTGC) will hold its 2021 Annual Meeting of Stockholders virtually on June 24, 2021, at 9:00 a.m. Pacific Time. Shareholders of record as of April 23, 2021 will receive a proxy statement mailed on April 30, 2021. Key voting matters include the election of directors, an advisory vote on executive compensation, and the ratification of the independent accounting firm. Hercules has provided over $11.6 billion in loans to more than 530 companies since its inception, focusing on venture-backed firms in technology and life sciences.
Hercules Capital (NYSE: HTGC) announced a full redemption of approximately $75 million in its 5.25% Notes due 2025, scheduled for July 1, 2021. The redemption will incur a one-time non-cash expense of about $1.46 million, impacting earnings by $0.01 per share based on March 31, 2021 shares. The Notes are listed under the ticker symbol HCXZ on the NYSE. Hercules Capital has provided over $11.6 billion in financing since inception and is a leader in senior secured venture growth loans for innovative companies.
Gibraltar Business Capital announced a new $150MM line of credit with Bank of America, enhancing its ability to serve lower mid-market businesses. This credit line, which can expand to $200MM through an accordion feature, supports Gibraltar's growth and offers flexible financing options. Since joining Hercules Capital in 2018, Gibraltar has underwritten credit for over 300 borrowers with $650MM in commitments. The partnership aims to provide stability and responsive support to businesses needing capital for growth or overcoming challenges.
Hercules Capital (HTGC) reported a strong start to 2021, with record new commitments of nearly $531 million and fundings of $355.3 million for Q1. The company maintained strong credit quality, achieving the highest internal ratings in a decade. Hercules introduced a supplemental distribution of $0.28 for the fiscal year to be paid quarterly, reflecting confidence in the venture ecosystem. The investment portfolio grew to $2.4 billion while net investment income for Q1 was $34.6 million or $0.30 per share, showing resilience despite a decrease from the previous year.
