Hercules Capital raises $200M via asset-backed and unsecured notes; appoints new director

Hercules Capital, Inc.

Completed two debt financings totaling $200M: $150M asset-backed notes at 4.95% due 2031 and $50M unsecured notes at 6.00% due 2025.
Proceeds to pay down credit facilities, fund investments, and for general corporate purposes.
Directors Joseph F. Hoffman and Doreen Woo Ho retired; Wade Loo and Thomas J. Fallon named chairs of Audit and Governance committees.
DeAnne Aguirre appointed as independent director, effective June 23, 2022, serving on Governance Committee.

item 1.01 item 2.03 item 5.02 item 5.07 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Joseph F. Hoffman

Independent Director

HTGC · Hercules Capital, Inc.

Effective: 2022-06-23
Filed: June 27, 2022, 7:59 PM ET

Joseph F. Hoffman and Doreen Woo Ho each retired from Board of Directors of the Company (the “Board”) as Class III independent directors following the expiration of their then-current terms at the Company’s 2022 Annual Meeting of Stockholders (the “Annual Meeting”) held on June 23, 2022.

Appointed

DeAnne Aguirre

Independent Director

HTGC · Hercules Capital, Inc.

Effective: 2022-06-23
Filed: June 27, 2022, 7:59 PM ET

On June 23, 2022, the Board elected DeAnne Aguirre as an independent director of the Company.

Departed

Doreen Woo Ho

Independent Director

HTGC · Hercules Capital, Inc.

Effective: 2022-06-23
Filed: June 27, 2022, 7:59 PM ET

Joseph F. Hoffman and Doreen Woo Ho each retired from Board of Directors of the Company (the “Board”) as Class III independent directors following the expiration of their then-current terms at the Company’s 2022 Annual Meeting of Stockholders (the “Annual Meeting”) held on June 23, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Joseph F. Hoffman retired as Independent Director at Hercules Capital, Inc..

Action: retired
Role: Independent Director

Exact text from the filing

Joseph F. Hoffman and Doreen Woo Ho each retired from Board of Directors of the Company (the “Board”) as Class III independent directors following the expiration of their then-current terms at the Company’s 2022 Annual Meeting of Stockholders (the “Annual Meeting”) held on June 23, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

DeAnne Aguirre was elected as Independent Director at Hercules Capital, Inc..

Action: elected
Role: Independent Director

Exact text from the filing

On June 23, 2022, the Board elected DeAnne Aguirre as an independent director of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Doreen Woo Ho retired as Independent Director at Hercules Capital, Inc..

Action: retired
Role: Independent Director

Exact text from the filing

Joseph F. Hoffman and Doreen Woo Ho each retired from Board of Directors of the Company (the “Board”) as Class III independent directors following the expiration of their then-current terms at the Company’s 2022 Annual Meeting of Stockholders (the “Annual Meeting”) held on June 23, 2022.

View on SEC.gov

Hercules Capital, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-22-182266

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