Hercules Capital Completes $250.0 Million Securitization to Support Continued Growth

PALO ALTO, Calif.--(BUSINESS WIRE)--Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”) today announced that Hercules Capital Funding Trust 2019-1, a newly-formed wholly owned, indirect subsidiary of Hercules, has issued $250.0 million of class A notes (the “Notes”) rated A(sf) by Kroll Bond Rating Agency, Inc. (“KBRA”) backed by approximately $357.2 million of senior secured loans. Guggenheim Securities, LLC acted as arranger of the Notes, Wells Fargo Securities, LLC and MUFG Securities Americas Inc. acted as co-managers, and Hercules is the sponsor, originator and servicer for the transaction. The Notes bear interest at a fixed rate of 4.703%. The Notes have a stated maturity date of February 22, 2028, and an expected weighted average life of 3.38 years.