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Hercules Capital Inc (HTGC.K)

HTGC.K on New York Consolidated

14.63USD
22 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Hercules Capital to benefit from Federal Reserve benchmark interest rate
Thursday, 16 Mar 2017 06:00am EDT 

Hercules Capital Inc : Hercules Capital's highly asset sensitive debt investment portfolio to generate additional $0.02 of net investment income earnings annually(1) from the recent increase in the federal reserve benchmark interest rate . Anticipates a 25 basis point increase in prime rate will contribute approximately $1.9 million, or $0.02 per share, of nii per annum . Anticipated increase in prime rate is not expected to have any material impact to our NII in Q1 2017 . Expected benefit from March 2017 rate increase is expected to materialize throughout our 2017 operating period .Prime rate is expected to increase from 3.75 pct to 4.00 pct.  Full Article

Hercules Capital Q4 non-gaap operating EPS $0.45
Thursday, 23 Feb 2017 04:10pm EST 

Hercules Capital Inc : Hercules announces fourth quarter NII per share of $0.43, record full-year 2016 financial results and quarterly distribution of $0.31 per share . Q4 non-gaap operating earnings per share $0.45 .Q4 earnings per share view $0.32 -- Thomson Reuters I/B/E/S.  Full Article

Hercules Capital announces offering of $150 mln convertible senior notes
Wednesday, 18 Jan 2017 04:01pm EST 

Hercules Capital Inc - : Hercules Capital announces offering of $150.0 million convertible senior notes . Hercules Capital Inc says plans to make an offering of $150.0 million aggregate principal amount of its convertible senior notes due 2022 .Intends to use net proceeds from offering to repurchase or otherwise redeem all of its 7.00% notes due 2019.  Full Article

Hercules announces earnings per share $0.32
Thursday, 3 Nov 2016 04:05pm EDT 

Hercules Capital Inc : Qtrly earnings per share $0.32 . Qtrly adjusted earnings per share $0.34 .Hercules announces strong third quarter financial results with $0.32 nii per share and a $0.31 quarterly dividend.  Full Article

Hercules reports Q2 NII per share $0.32
Thursday, 4 Aug 2016 04:05pm EDT 

Hercules Capital Inc : Hercules announces strong second quarter financial results with $0.32 NII per share and a $0.31 quarterly dividend . $0.34 per share, or $25.0 million of distributable net operating income for quarter .As of June 30, net asset value per share was $9.66 on 74.3 million outstanding shares, versus $9.81 on 73.2 million outstanding shares as of March 31.  Full Article

Alimera Sciences sees Q2 revenue of $9.3 mln - $9.5 mln
Tuesday, 26 Jul 2016 07:30am EDT 

Alimera Sciences Inc: Announces record second quarter 2016 revenue . Sees Q2 2016 revenue $9.3 million to $9.5 million . Says modified liquidity and revenue covenants in its existing loan agreement with Hercules Capital Inc . Says modification allows for reduction of Alimera's liquidity threshold . Q2 revenue view $7.2 million -- Thomson Reuters I/B/E/S . Says modifies its liquidity and revenue covenants under its loan facility . Says Q2 2016 u.s. Revenue is expected to be in range of $7.0 million to $7.2 million .Says modification reduces Co's trailing three-month revenue requirement through period ending August 31, 2016.  Full Article

Auris Medical secures loan facility of up to $20 million
Tuesday, 19 Jul 2016 04:50pm EDT 

Auris Medical Holding Ag : Financing is in form of a 42-month loan bearing interest at a minimum rate of 9.55% per annum . Entered into a loan facility agreement with Hercules Capital, Inc for up to $20 million in financing . Auris Medical secures loan facility of up to $20 million . Issued Hercules warrant to purchase up to 241,117 shares of company's common stock at an exercise price of $3.94 per share .Terms include an initial interest-only period until June 30, 2017, which is extendable to march 31, 2018.  Full Article

Hercules Capital - As of June 30, 2016 originated $203.9 mln of debt and equity commitments
Tuesday, 5 Jul 2016 11:34am EDT 

Hercules Capital Inc : As of June 30, 2016, Hercules has originated $203.9 million of debt and equity commitments to new and existing portfolio companies .Unscheduled principal repayments "early pay-offs" for Q2 2016 of $117.6 million.  Full Article

Hercules Capital issues additional $9 mln of 6.25% notes due 2024
Tuesday, 5 Jul 2016 10:36am EDT 

Hercules Capital Inc : Hercules issues additional $9.0 million in principal of 6.25% notes due 2024 to cover underwriters over-allotment option . Notes will mature on July 30, 2024, will bear interest at rate of 6.25% per year payable quarterly beginning July 30, 2016 .Aggregate proceeds of notes increased to $69.0 million.  Full Article

Hercules Capital announces qtrly dividend of $0.31 per share
Thursday, 5 May 2016 04:06am EDT 

Hercules Capital Inc:announces first quarter 2016 financial results and quarterly dividend of $0.31 per share.  Full Article

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