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Hercules Capital, 6.25% Notes due 7/30/2024
Ticker Symbol: HTGX* CUSIP: 427096862 Exchange: NYSE
* NOTE: This security is no longer trading as of 2/04/2019
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Hercules Capital, Inc., formerly Hercules Technology Growth Capital, 6.25% Notes due 2024, issued in $25 denominations, redeemable at the issuer's option on or after 7/30/2017 at $25 per note plus accrued and unpaid interest, and maturing 7/30/2024. Interest distributions of 6.25% per annum ($1.5625 per annum or $0.390625 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)
Notes: 12/11/2018 -- Hercules Capital, Inc. today announced its intent to fully redeem approximately $83.5 million in issued and outstanding aggregate principal amount of the Company’s 6.25% Notes due 2024 (CUSIP No. 427096 862), which were issued pursuant to the indenture dated as of March 6, 2012, between the Company and U.S. National Bank Association, as trustee, as supplemented by the third supplemental indenture dated as of July 14, 2014 (the “Indenture”). The Notes trade on the New York Stock Exchange under the ticker symbol “HTGX”. The redemption price will be par $25.00 per Note plus accrued and unpaid interest through, but excluding, the redemption dates of: January 14, 2019, February 4, 2019. The Notes should be presented and surrendered by mail or by hand at the office of the Paying Agent, U.S. Bank National Association, Corporate Trust Services, 111 Fillmore Avenue E, St. Paul, MN 55107. Each settlement of the redemption is expected to occur on January 14, 2019 and February 4, 2019, respectively. Questions related to the notice of redemption and related materials should be directed to U.S. Bank via telephone at 1-800-934-6802. ____________ 2/20/2018 -- Hercules Capital, Inc. today announced its intent to redeem approximately $100.0 million in issued and outstanding aggregate principal amount of the Company’s 6.25% Notes due 2024 (CUSIP No. 427096 862). The Notes trade on the New York Stock Exchange under the ticker symbol “HTGX”. The redemption price will be par $25.00 per Note plus accrued and unpaid interest through, but excluding, the redemption date, April 2, 2018. Hercules intends to make additional redemptions on the Notes throughout the 2018 calendar year, depending on its anticipated cash needs. ____________ 10/24/2017 -- Hercules Capital, Inc. today announced its intent to redeem approximately $75.0 million (face value) in issued and outstanding aggregate principal amount of the Company’s 6.25% Notes due 2024 (CUSIP No. 427096862) The Notes trade on the New York Stock Exchange under the ticker symbol “HTGX”. The redemption price will be par $25.00 per Note plus accrued and unpaid interest through, but excluding, the redemption date, November 23, 2017. The partial redemption of the Notes will result in certain interest savings if the Notes were otherwise left outstanding through maturity, but will also accelerate the amortization of certain underwriting fees resulting in an increase in related expense in the period the Notes are redeemed. Hercules intends to make additional redemptions on the Notes throughout the 2018 calendar year, depending on its anticipated cash needs. The Company will provide notice for and complete all redemptions in compliance with the terms of the Indenture. ____________ Oct 18, 2017 -- Hercules Capital, Inc., today announced that it has priced an underwritten public offering of $150.0 million in aggregate principal amount of 4.625% notes due 2022. The closing of the transaction is subject to customary closing conditions and the Notes are expected to be delivered and paid for on October 23, 2017. The Company intends to use the net proceeds from this offering (i) to repurchase or redeem a portion of its 6.25% Notes due 2024, (ii) to fund investments in debt and equity securities in accordance with its investment objective and (iii) for other general corporate purposes.
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IPO - 7/10/2014 - 4.00 Million Notes @ $25.00 /note.
Link to IPO Prospectus
Previous Name: Hercules Technology Growth Capital, 6.25% Notes due 7/30/2024 Changed: 2/25/2016
Market Value $100.0 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 - Manuel A. Henriquez |
CFO - Gerard R. Waldt, Jr. |
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