Hercules Capital Completes $200.0 Million Securitization

PALO ALTO, Calif.--(BUSINESS WIRE)--Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”) today announced that Hercules Capital Funding Trust 2018-1, a newly-formed wholly owned subsidiary of Hercules, has issued $200.0 million of class A notes (the “Notes”) rated A(sf) by Kroll Bond Rating Agency, Inc. (“KBRA”) backed by approximately $286.0 million of senior secured loans. Guggenheim Securities, LLC acted as arranger of the Notes, and Hercules is the sponsor, originator and servicer for the transaction. The Notes bear interest at a fixed rate of 4.605%. The Notes have a stated maturity date of November 22, 2027 and an expected weighted average life of 3.45 years.