Hercules Capital (HTGC) Company Report

Hercules Capital reported record Q3 2025 Total New Debt and Equity Commitments of $846.2 Million and record total fundings of $504.6 Million.
The company achieved record Q3 2025 Total Investment Income of $138.1 Million and Net Investment Income (NII) of $88.6 Million, or $0.49 per share.
Hercules Capital's Board of Directors declared a Q3 2025 total cash distribution of $0.47 per share, comprising a $0.40 per share base distribution and $0.07 per share supplemental distribution.
The company received an Investment Grade Rating Upgrade to Baa2 from Moody's Investors Service.
Undistributed Earnings Spillover amounted to $146.2 Million, or $0.80 per Ending Shares Outstanding.

Oct 30, 2025, 8:30 PM

Hercules Capital Reports Strong Third Quarter 2025 Financial Results

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Earnings

Guidance Update

Debt Issuance

Hercules Capital reported record Q3 2025 total fundings of $504.6 million and record year-to-date fundings of $1.75 billion.
The company achieved record Q3 2025 total investment income of $138.1 million and Net Investment Income (NII) of $88.6 million, or $0.49 per share, providing 122% coverage of the base cash distribution.
Hercules Capital received an Investment Grade Rating Upgrade to Baa2 from Moody’s Investors Service.
The company reported approximately $5.5 billion of Assets Under Management, marking a 20.7% increase year-over-year, and an undistributed earnings spillover of $146.2 million, or $0.80 per ending share outstanding.

Oct 30, 2025, 8:05 PM

Hercules Capital's Credit Rating Affirmed

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Debt Issuance

Hercules Capital, Inc. (HTGC) has received an affirmed investment grade corporate and credit rating of BBB+ from Kroll Bond Rating Agency, Inc. (KBRA) as of August 19, 2025.
KBRA also issued a stable outlook for Hercules Capital.
The affirmation reflects Hercules' diversified investment portfolio focused on senior secured first lien venture debt, a solid 20+ year operating record, appropriate leverage metrics, and proven access to capital markets.

Aug 19, 2025, 10:00 AM

Hercules Capital Declares Q2 2025 Cash Distribution

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Dividends

Hercules Capital declared a total cash distribution of $0.47 per share for the second quarter 2025, consisting of a $0.40 per share base distribution and a $0.07 per share supplemental distribution.
The record date for this distribution is August 12, 2025, and the payment date is August 19, 2025.
For distributions declared for the second quarter ended June 30, 2025, 80.13% was designated as Qualified Interest Income (QII) , and 100% was derived from the company's current earnings and profits.

Jul 29, 2025, 10:00 AM

Hercules Capital issues $350M 6% notes and upsizes credit facility

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Debt Issuance

Hercules Capital, Inc. closed on $350 million aggregate principal of 6.000% Notes due 2030 under its Base Indenture and Ninth Supplemental Indenture on June 16, 2025.
The Company expects to use the net proceeds to repay outstanding secured indebtedness under its financing arrangements.
Hercules Funding IV LLC, a wholly-owned subsidiary, entered into a Fourth Amendment to its MUFG Loan and Security Agreement on June 10, 2025, increasing the facility from $400 million to $440 million, adjusting interest to Term SOFR plus 2.50–2.75%, revising unused fees, extending maturity to June 10, 2029, and raising the minimum tangible net worth covenant above $1.1 billion.

Jun 16, 2025, 12:00 AM