Hercules Capital Appoints Crowell to Board of Directors

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

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.

Hercules Capital Appoints Foster to Board of Directors

Hercules Capital appointed Carol L. Foster to serve as a member of its board of directors, effective January 11, 2019. Foster has more than 30 years of investment banking and operational financial management experience.

Hercules Renews Credit Facility with WFCF $75MM Initial Commitment

Specialty finance company Hercules Capital renewed its credit facility with Wells Fargo Capital Finance. WFCF has committed an initial $75 million in credit capacity under the $125 million accordion credit facility.

Hercules Capital Ends 2018 with $1.21B+ in New Investment Financing

Specialty finance company Hercules Capital completed its fourth quarter review for 2018, ending the year with total new investment commitments in excess of $1.21 billion.

Hercules Capital Provides Up to $75MM Term Loan to Nabriva

Hercules Capital closed a term loan of up to $75 million for Nabriva Therapeutics, a clinical stage biopharmaceutical company engaged in the research and development of novel anti-infective agents to treat serious infections.

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.