Hercules Capital receives Baa3 Investment Grade corporate and credit rating from Moody’s Investors Service

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Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), the largest and most important provider of specialist finance for innovative, growth and established-stage companies, backed by some of the world’s leading venture capital and venture capital firms Selected, today announced that Moody’s Investors Service, Inc. (“Moody’s”) has assigned Hercules a Investment Grade Credit and Corporate Rating of Baa3 with a stable outlook.

“We are very pleased that Moody’s has launched a hedge with a Baa3 grade corporate and credit rating,” said Scott Bluestein, Managing Director and Chief Investment Officer of Hercules. “This rating reflects our differentiated and diversified growth and growth phase lending and our commitment to disciplined underwriting, as well as the depth and experience of our management and investment teams. ”

The Baa3 rating reflects the strong earnings profile of the company with a longer operating history than most rated Business Development Companies (“BDCs”), strong underwriting and risk management as evidenced by the poor track record. loan losses, adequate liquidity profile and low leverage with ample cushion. compared to the regulatory minimum asset coverage ratio of 150%. The rating also reflects the high proportion of Hercules in senior senior secured debt investments.

About Hercules Capital, Inc.

Hercules Capital, Inc. (NYSE: HTGC) is the leading and largest specialist finance company focused on providing senior secured risk growth loans to high growth, innovative companies backed by venture capital across a wide range of technology sectors, sustainable and renewable life sciences and technologies. Since its inception (December 2003), Hercules has committed over $ 11.1 billion to more than 520 companies and is the lender of choice for entrepreneurs and venture capitalists seeking capital financing. growth. Companies wishing to learn more about funding opportunities should contact [email protected], or call 650.289.3060.

Hercules common stock is listed on the New York Stock Exchange (NYSE) under the symbol HTGC. In addition, Hercules has two retail bond issues of 5.25% Bonds due 2025 (NYSE: HCXZ) and 6.25% bonds due 2033 (NYSE: HCXY).

Forward-looking statements

This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You should understand that under Section 27A (b) (2) (B) of the Securities Act of 1933, as as amended, and Section 21E (b) (2) (B) of the Securities Exchange Act of 1934, as amended, or of the Exchange Act, the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 do not apply to statements made in periodic reports that we file under the Exchange Act.

The information disclosed in this press release is made as of the date hereof and reflects Hercules’ most recent assessment of its historical financial performance. Actual financial results filed with the SEC may differ from those contained in this document due to delays between the date of this release and confirmation of the final audit results. These forward-looking statements are not guarantees of future performance and are subject to uncertainties and other factors that could cause actual results to differ materially from those expressed in forward-looking statements, including, without limitation , risks, uncertainties, including uncertainties surrounding current market volatility and other factors that the Company identifies from time to time in its filings with the SEC. Although Hercules believes that the assumptions on which these forward-looking statements are based are reasonable, any of these assumptions could prove to be incorrect and, therefore, forward-looking statements based on these assumptions could also be incorrect. You should not place undue reliance on these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof, and Hercules assumes no obligation to update any forward-looking statements for subsequent events.

Michael hara

Investor relations and corporate communication

Hercules Capital, Inc.

(650) 433-5578

[email protected]

Source: Hercules Capital, Inc.

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