Hercules Announces Intention to Fully Redeem Its 7.00% Notes Due 2019 – Accretive Balance Sheet Management to Save $2.8 Million in Annual Interest Expense

PALO ALTO, Calif.--(BUSINESS WIRE)--Hercules Capital, Inc. (NYSE:HTGC) (“Hercules” or the “Company”), the leading specialty finance company to innovative, venture growth, pre-IPO and M&A stage companies backed by leading venture capital firms, today announced its intent to redeem 100% or approximately $110.4 million (face value) in remaining issued and outstanding aggregate principal amount of the Company’s 7.00% Notes due 2019 (CUSIP No. 427096888 and 427096870) (the “Notes”), which were issued pursuant to the indenture dated as of March 6, 2012, between the Company and U.S. National Bank Association, as trustee, as supplemented by the second supplemental indenture dated as of September 24, 2012 (the “Indenture”). The Notes trade on the New York Stock Exchange under the ticker symbols “HTGY” and “HTGZ.” The redemption price will be par $25.00 per Note plus accrued and unpaid interest through, but excluding, the redemption date, February 24, 2017.