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Hercules Capital, 5.25% Notes due 4/30/2025
Ticker Symbol: HCXZ* CUSIP: 427096854 Exchange: NYSE
* NOTE: This security is no longer trading as of 7/01/2021
Security has been Called for: Thursday, July 1, 2021
May 28, 2021 -- Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced its intent to fully redeem approximately $75.0 million (face value) in issued and outstanding aggregate principal amount of the Company’s 5.25% Notes due 2025 (CUSIP No. 427096 854) (the “Notes”), which were issued pursuant to the indenture dated as of March 6, 2012, between the Company and U.S. Bank National Association, as trustee, as supplemented by the fifth supplemental indenture dated as of April 26, 2018 (the “Indenture”). The Notes trade on the New York Stock Exchange under the ticker symbol “HCXZ.”
The redemption price will be par $25.00 per Note plus accrued and unpaid interest through, but excluding, the redemption date of July 1, 2021.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Hercules Capital, Inc., 5.25% Notes due 2025, issued in $25 denominations, redeemable at the issuer's option on or after 4/30/2021 at $25 per note plus accrued and unpaid interest, and maturing 4/30/2025. Interest distributions of 5.25% per annum ($1.3125 per annum or $0.328125 per quarter) will be paid quarterly on 1/30, 4/30, 7/30 & 10/30 to holders of record on the record date that will be 1/15, 4/15, 7/15 & 10/15 respectively (NOTE: the ex-dividend date is at least one business days prior to the record date). Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. This security was not rated by Moody’s or S&P at the time of its IPO. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (HTGC)
IPO - 4/23/2018 - 3.00 Million Notes @ $25.00 /note.
Link to IPO Prospectus
Market Value $74.7 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 400 Hamilton Ave., Suite 310, Palo Alto, CA 94301 |
| Main Phone Number |
650-289-3060 |
| Fax Number |
650-473-9194 |
| Investor Relations
Michael Hara
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650-433-5578
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Toll Free Phone Number |
Unknown |
| CEO - Scott Bluestein |
CFO - Seth Meyer |
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