Hercules Capital promoted R. Bryan Jadot to head of Life Sciences Venture Lending and Steve Kuo to head of Technology Venture Lending.
Hercules Capital Amends Debt Facility for Tricida
March 29, 2019
Tricida has entered into an amendment to its existing debt facility with Hercules Capital. The amendment increases the total amount available under the debt facility to up to $200 million and extends the maturity of the loans thereunder. Tricida originally entered into a $100 million debt facility with Hercules Capital in February 2018.
Hercules Capital CEO Steps Down After Charge in College Admissions Scheme
March 14, 2019
Hercules Capital CEO Manuel Henriquez has voluntarily stepped aside as the firm’s chairman and CEO. According to Bloomberg, the news comes in the wake of Henriquez’s indictment by federal authorities because of his alleged involvement in the college admissions cheating scandal.
Gibraltar Closes $10MM Credit Facility for Specialty Chemical Company
March 6, 2019
Gibraltar Business Capital closed a $10 million credit facility for a sponsor-backed specialty chemical business located in the Southwest.
Hercules Named 2018 Specialty Finance Lender of the Year, Americas
March 5, 2019
Hercules Capital was named 2018 Specialty Finance Lender of the Year, Americas by Private Debt Investor magazine.
Hercules Capital Offers $100MM in Debt Financing to Urovant Sciences
February 25, 2019
Urovant Sciences entered into a debt financing agreement with Hercules Capital for up to $100 million.
Hercules Capital Appoints Myers CFO
February 22, 2019
Hercules Capital appointed Seth Meyer as CFO, effective March 4, 2019. Meyer will report directly to Manuel A. Henriquez, Hercules chairman and CEO.
Hercules Capital Receives New $200MM Facility Arranged by MUFG
February 21, 2019
Hercules Capital replaced its existing $100 million credit facility with MUFG Union Bank with a new $200 million credit facility, under which City National, Umpqua Bank, Hitachi Capital America and Mutual of Omaha Bank joined MUFG as lenders.
Hercules Capital Appoints Crowell to Board of Directors
February 6, 2019
Specialty finance company Hercules Capital appointed Gayle Crowell to serve as a member of its board of directors, effective February 4, 2019.
Hercules Capital Completes $250 Million Securitization
January 23, 2019
Hercules Capital Funding Trust 2019-1, an indirect subsidiary of Hercules Capital, issued $250 million in class A notes rated A(sf) by KBRA, backed by approximately $357.2 million of senior secured loans.
