Hercules Capital, Inc. Announces Public Offering of Common Stock
07 Agosto 2023 - 5:17PM
Business Wire
Hercules Capital, Inc. (NYSE: HTGC) (“Hercules”) today announced
that it plans to make a public offering of 6,000,000 shares of its
common stock. Hercules also expects to grant the underwriters for
the offering an option to purchase up to an additional 900,000
shares of its common stock.
Morgan Stanley, UBS Investment Bank and Wells Fargo Securities
are acting as joint lead book-running managers, Goldman Sachs &
Co. LLC, Jefferies and Keefe, Bruyette & Woods, A Stifel
Company, are acting as joint book-running managers, and Compass
Point, JMP Securities, a Citizens Company and MUFG are acting as
co-managers in this offering.
Hercules expects to use the net proceeds from this offering (i)
to fund investments in debt and equity securities in accordance
with its investment objectives, (ii) to repay indebtedness under
its revolving credit facility and (iii) for other general corporate
purposes.
The securities described above are being offered by Hercules
pursuant to an effective shelf registration statement previously
filed with and deemed immediately effective upon filing by the
Securities and Exchange Commission (the “SEC”) on December 17,
2021. The offering may be made only by means of a prospectus
supplement and the accompanying prospectus, copies of the
preliminary prospectus supplement and accompanying prospectus, and,
when available, the prospectus supplement, may be obtained from (1)
Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New
York, NY 10014, Attn: Prospectus Department; UBS Securities LLC,
1285 Avenue of the Americas, New York, New York, 10019, Attn:
Prospectus Department, by email: ol-prospectus-request@ubs.com; or
Wells Fargo Securities, LLC, 500 West 33rd Street, New York, New
York, 10001, Attn: Equity Syndicate Department, by calling toll
free 1-800-326-5897, or by e-mail at
cmclientsupport@wellsfargo.com.
Investors are advised to carefully consider the investment
objectives, risks, and charges and expenses of Hercules before
investing. The preliminary prospectus supplement and the
accompanying prospectus, which have been filed with the SEC,
contain this and other information about Hercules and should be
read carefully before investing.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of,
the shares in any state or other jurisdiction in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such state or other
jurisdiction.
About Hercules Capital, Inc.
Hercules Capital, Inc. (NYSE: HTGC) is the leading and largest
specialty finance company focused on providing senior secured
venture growth loans to high-growth, innovative venture
capital-backed companies in a broad variety of technology, life
sciences and sustainable and renewable technology industries. Since
inception (December 2003), Hercules has committed more than $17
billion to over 600 companies and is the lender of choice for
entrepreneurs and venture capital firms seeking growth capital
financing.
Hercules, through its wholly owned subsidiary, Hercules Adviser
LLC (“Hercules Adviser”), also maintains an asset management
business through which it manages investments for external parties
(“Adviser Funds”). Hercules Adviser is registered as an investment
adviser under the Investment Advisers Act of 1940.
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 Securities and
Exchange Commission. Any forward-looking statements made in this
press release are made only as of the date hereof. Hercules assumes
no obligation to update any such statements in the future.
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version on businesswire.com: https://www.businesswire.com/news/home/20230807153698/en/
Michael Hara Investor Relations and Corporate Communications
Hercules Capital, Inc. (650) 433-5578 mhara@htgc.com
Hercules Capital (NYSE:HTGC)
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