Hercules Capital Receives a BBB+ Reaffirmed Investment Grade Corporate Rating from Kroll Bond Rating Agency, Inc.
“We are very pleased that KBRA has reaffirmed our BBB+ investment grade corporate and credit rating,” stated
The affirmed BBB+ rating reflects the Company’s diversified investment portfolio with a focus on senior secured first lien venture debt investments in the technology and life sciences sectors, solid 20-year operating record, including during the global financial crisis, and appropriate leverage metrics. The Company’s solid credit quality has benefited from the Company’s robust risk management and solid investment team with years of experience in the venture capital space. Furthermore, the ratings are supported by the Company’s proven access to capital markets, diversified funding mix and high proportion of unsecured debt to total debt outstanding allowing for solid protection for noteholders.
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Hercules, through its wholly owned subsidiary business,
Hercules’ common stock trades on the
Forward-Looking Statements
This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. We may use words such as “anticipates,” “believes,” “expects,” “intends,” “will,” “should,” “may” and similar expressions to identify forward-looking statements. Forward-looking statements are not guarantees of future performance and should not be relied upon in making any investment decision. Such statements are based on currently available operating, financial and competitive information and are subject to various risks and uncertainties that could cause actual results to differ materially from our historical experience and our present expectations. While we cannot identify all such risks and uncertainties, we urge you to read the risks discussed in our Annual Report on Form 10-K and other materials that we publicly file with the
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