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Home>Hercules Receives a Reaffirmed Investment Grade Credit and Corporate Rating from Standard & Poor’s

Hercules Receives a Reaffirmed Investment Grade Credit and Corporate Rating from Standard & Poor’s

Hercules Receives a Reaffirmed Investment Grade Credit and Corporate Rating from Standard & Poor’s

09/20/2017

Hercules Receives a Reaffirmed Investment Grade Credit and Corporate Rating from Standard & Poor’s

Hercules Capital, Inc. (NYSE:HTGC) (“Hercules” or the “Company”), the leading specialty financing provider to innovative venture growth stage companies backed by leading venture capital firms, today announced that Standard & Poor’s Ratings Services (“S&P”) has reaffirmed Hercules’ investment grade credit and corporate rating of BBB-.

“We are very pleased that Standard & Poor’s has once again reaffirmed our BBB- investment grade credit and corporate rating. This is a reflection of our commitment to and discipline in underwriting, and the depth and experience of our management and underwriting teams,” stated Manuel A. Henriquez, chairman and chief executive officer of Hercules. “We take great pride in this achievement, and we will continue to work hard to maintain our investment grade rating. Furthermore, being one of the few BDCs with an investment grade rating and access to both the debt and equity capital markets, has meant ample access to liquidity to support our ‘slow and steady’ growth strategy.”

The BBB- rating reflects the Company’s low financial leverage, concentration in first-lien senior secured debt investments, diversified funding with strong access to the capital markets, and track record of minimal net realized losses on investments since inception in 2003.

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 $6.9 billion to over 380 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 one outstanding bond issuances of 6.25% Unsecured Notes due July 2024 (NYSE:HTGX)

Forward-Looking Statements

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