Hercules Capital Completes $200MM Securitization

Hercules Capital Funding Trust 2018-1, a newly-formed wholly owned subsidiary of specialty finance company Hercules Capital, issued $200 million of class A notes rated A(sf) by KBRA.

WFCF Upsizes Gibraltar Business Capital Facility to $100MM

Gibraltar Business Capital increased its credit line with Wells Fargo Capital Finance from $75 million to $100 million, with an accordion that could increase the line up to $150 million.

Hercules Capital Acquires a Piece of the Rock: Gibraltar Joins Manuel Henriquez’ Team, Providing ABLs to Entrepreneurs

Manuel A. Henriquez founded Hercules Capital to both support entrepreneurs and to offer every day, small investors an opportunity to invest in venture capital funded companies. Like a loving father, he watched his companies grow and need more financial support. So, in May, Hercules acquired Gibraltar Business Capital as a portfolio company. Through this partnership, Hercules can direct growing companies to Gibraltar for the ABL financing they need.

MUFG Upsizes Hercules Facility to $100MM

Hercules Capital increased its credit facility with MUFG Union Bank to $100 million.

Hercules Provides $14MM Facility to Genocea Biosciences

Genocea Biosciences closed a $14 million term loan with Hercules Capital.

Hercules Provides $15MM Facility to RumbleOn

RumbleOn entered into a $15 million senior secured credit facility with Hercules Capital.

Hercules Capital Acquires Gibraltar Business Capital

Hercules Capital purchased Gibraltar Business Capital to enter the ABL market. Cartoonist Jerry Gonzalez shares his take on this mythical matchup.

Hercules Capital Upsizes FuelCell Facility to $25MM

Hercules Capital increased FuelCell Energy’s credit facility to $25 million and extended the maturity date to 2020.

Hercules Provides $75MM Facility to Mesoblast

Cell-based medicine developer Mesoblast entered into a $75 million non-dilutive, four-year credit facility with specialty finance company Hercules Capital.

Hercules Capital Provides $100MM Facility for Tricida

Tricida entered into a $100 million venture debt facility with Hercules Capital.