KBRA Comments on Hercules Capital’s $150 Million Senior Unsecured Notes Due 2022

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) currently maintains issuer and senior unsecured debt ratings of BBB+ with a stable outlook for Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or “the Company”). HTGC announced a public offering of $150 million of 4.625% senior unsecured notes due in 2022 (the “Notes”). The Company intends to use the net proceeds from this offering to repurchase or redeem a portion of its 6.25% Notes due 2024, to fund investments in debt and equity secu