Hercules Capital CEO Steps Down After Charge in College Admissions Scheme

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

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

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

Urovant Sciences entered into a debt financing agreement with Hercules Capital for up to $100 million.

Hercules Capital Appoints Myers CFO

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

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

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.