Hercules Capital Taps Bluestein as President/CEO
Hercules Capital has appointed Scott Bluestein as its chief executive officer and president, effective immediately.
Hercules Capital has appointed Scott Bluestein as its chief executive officer and president, effective immediately.
Antares Pharma amended its credit facility with Hercules Capital, to increase the available debt capital by $25 million for a term loan of up to $50 million.
Hercules Capital promoted R. Bryan Jadot to head of Life Sciences Venture Lending and Steve Kuo to head of Technology Venture Lending.
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 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 Business Capital closed a $10 million credit facility for a sponsor-backed specialty chemical business located in the Southwest.
Hercules Capital was named 2018 Specialty Finance Lender of the Year, Americas by Private Debt Investor magazine.
Urovant Sciences entered into a debt financing agreement with Hercules Capital for up to $100 million.
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 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.