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KBRA Assigns Rating to Hercules Capital, Inc.'s $250 Million Convertible Unsecured Notes Due 2028

1. KBRA assigns a BBB+ rating to HTGC’s $250 million convertible notes. 2. The company has a stable outlook with a diversified $3.66 billion portfolio.

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FAQ

Why Bullish?

A BBB+ rating signifies strong credit quality, potentially attracting investment. Historically, ratings upgrades can lead to positive stock price movements, as seen with similar firms.

How important is it?

Positive credit ratings enhance investor confidence and may lead to increased stock purchases. This will likely influence HTGC's pricing dynamics, especially considering its focus on technology and life sciences sectors.

Why Short Term?

Immediate investor sentiment could be positively influenced by the rating news. Similar past events suggest short-term adjustments in stock prices after credit rating announcements.

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NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns a rating of BBB+ to Hercules Capital, Inc.'s (NYSE: HTGC or “the company”) $250 million 4.75% convertible unsecured notes due September 2028. The rating Outlook is Stable. Key Credit Considerations The rating reflects the company's diversified $3.66 billion investment portfolio consisting of 118 portfolio companies (debt investments) with a focus on senior secured first lien venture debt investments (86.9%) in the technology and life sciences sectors, sol.

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