Hercules Capital, Inc. Announces Public Offering of Common Stock
June 11 2018 - 4:06PM
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 plans to grant the underwriters for the
offering an option to purchase up to an additional 900,000 shares
of its common stock. Wells Fargo Securities, Morgan Stanley,
Jefferies LLC, and Keefe, Bruyette & Woods, A Stifel Company,
are acting as joint book-running managers in this offering, and
Compass Point is acting as lead manager 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 objective, (ii) to make acquisitions, 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 declared effective by the Securities and Exchange
Commission (the “SEC”) on June 5, 2018. The offering may be made
only by means of a prospectus supplement and the accompanying
prospectus, copies of which may be obtained from (1) Wells Fargo
Securities, Attention: Equity Syndicate Department, 375 Park
Avenue, New York, New York 10152, by telephone at (800) 326-5897,
or by email at cmclientsupport@wellsfargo.com; (2) Morgan
Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York,
NY 10014, Attn: Prospectus Department; (3) Jefferies LLC, 520
Madison Avenue, 2nd Floor, New York, New York 10022, Attention:
Equity Syndicate Prospectus Department, or by email
prospectus_department@jefferies.com, or telephone: 1-877-821-7388;
or (4) Keefe, Bruyette & Woods, Inc., Attention: Capital
Markets, 787 Seventh Avenue, 4th Floor, New York, NY 10019; or by
calling Keefe, Bruyette & Woods, Inc., toll-free
at (800) 966-1559; or by e-mailing Keefe,
Bruyette & Woods, Inc. at uscapitalmarkets@kbw.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) (“Hercules”) 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 $7.6
billion to over 420 companies and is the lender of choice for
entrepreneurs and venture capital firms seeking growth capital
financing. Companies interested in learning more about financing
opportunities should contact info@htgc.com or call
650.289.3060.
Hercules’ common stock trades on the New York Stock Exchange
(NYSE) under the ticker symbol “HTGC.” In addition, Hercules has
four outstanding bond issuances of 6.25% Notes due 2024 (NYSE:
HTGX), 4.375% Convertible Notes due 2022, 4.625% Notes due October
2022 and 5.25% Notes due 2025 (NYSE: HCXZ).
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 amended, and Section 21E(b)(2)(B) of
the Securities Exchange Act of 1934, as amended, or the Exchange
Act, the “safe harbor” provisions of the Private Securities
Litigation Reform Act of 1995 do not apply to forward-looking
statements made in periodic reports we file under the Exchange
Act.
The information disclosed in this press release is made as of
the date hereof and reflects Hercules most current assessment of
its historical financial performance. Actual financial results
filed with the SEC may differ from those contained herein due to
timing delays between the date of this release and confirmation of
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 the forward-looking statements
including, without limitation, the risks, uncertainties, including
the uncertainties surrounding the current market volatility, and
other factors 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 those assumptions could prove to be inaccurate
and, as a result, the forward-looking statements based on those
assumptions also could be incorrect. You should not place undue
reliance on these forward-looking statements. The forward-looking
statements contained in this release are made as of the date
hereof, and Hercules assumes no obligation to update the
forward-looking statements for subsequent events.
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version on businesswire.com: https://www.businesswire.com/news/home/20180611006136/en/
Hercules Capital, Inc.Michael Hara, 650-433-5578Investor
Relations and Corporate Communicationsmhara@htgc.com
Hercules Capital (NYSE:HTGC)
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