Hercules Capital Appoints Seth Meyer as Chief Financial Officer

Mr. Meyer brings more than 25 years of global business management,
treasury, capital markets and strategic planning experience to the
largest venture-focused BDC

Capital, Inc.
(NYSE: HTGC) (“Hercules” or the “Company”), the
largest and leading specialty finance provider to innovative, venture
growth stage companies backed by some of the leading U.S. and top-tier
venture capital and select private equity firms, today announced the
appointment of Seth Meyer as Chief Financial Officer, effective March 4,
2019. Mr. Meyer will report directly to Manuel A. Henriquez, Hercules’
chairman and CEO. He replaces David Lund, who served as interim CFO for
the prior 16 months and will continue to serve as a special consulting
advisor to the Company through April 2019.

“Seth’s addition further strengthens our growing senior management team,
as Hercules continues to expand its industry-leading venture lending
platform, and as we also continue to evaluate multiple strategic
acquisition opportunities,” said Henriquez. “The depth of Seth’s
finance, treasury and capital markets experience, along with his
technical and strategic level experience will certainly further bolster
our already talented senior management team. I look forward to working
closely with him not only on growing our current platform but expanding
the platform for future growth as we evaluate many of these new
potential strategic growth opportunities.”

Henriquez continued, “I’d also like to extend a sincere and grateful
thank you to David Lund for stepping back in as our interim CFO. David
has truly done an amazing job while at Hercules during which we have
seen tremendous growth. David will be missed, and I wish him great
success on his second retirement.”

Mr. Meyer joins Hercules with more than 25 years of international
business management and strategic planning experience in the financial
services industry. Most recently, he served as the CFO of Swiss Re’s
Commercial Insurance business unit for over six years where he led a
global finance team of approximately 200 professionals covering business
development, M&A, strategic direction setting, financial planning &
reporting, controlling and capital management. Mr. Meyer joined Swiss Re
in 2000 and was appointed Group Tax Director in 2007, and then promoted
to Finance Division Operating Officer in 2009, a position he held until
appointed CFO in 2011. Prior to joining Swiss Re, he worked at
PricewaterhouseCoopers as a Senior Tax Manager. Mr. Meyer began his
finance career as a senior tax accountant at KPMG Peat Marwick.

“Hercules Capital is the undisputed leader in providing highly flexible
debt capital solutions to innovative venture capital and private
equity-backed companies,” said Meyer. “With a deep bench of high-quality
talent combined with a diversified capital structure, the Company is
well positioned to continue its growth trajectory and deliver consistent
returns to its shareholders. I’m excited to partner with Manuel and the
rest of the team and look forward to continuing to build on this
outstanding brand.”

Mr. Meyer earned a Bachelor of Arts in Accounting and an M.B.A. from
Michigan State University.

About Hercules Capital, Inc.

Hercules Capital, Inc. (NYSE: HTGC) (“Hercules”) is the leading and
largest specialty finance company focused on providing senior secured
venture growth loans to high-growth, innovative venture capital-backed
companies in a broad variety of technology, life sciences and
sustainable and renewable technology industries. Since inception
(December 2003), Hercules has committed more than $8.2 billion to over
440 companies and is the lender of choice for entrepreneurs and venture
capital firms seeking growth capital financing. Companies interested in
learning more about financing opportunities should contact info@htgc.com
or call 650.289.3060.

Hercules’ common stock trades on the New York Stock Exchange (NYSE)
under the ticker symbol “HTGC.” In addition, Hercules has six
outstanding bond issuances of:

Institutional Notes PAR $1000.00

  • 4.625% Notes due 2022

Retail Notes (“Baby Bonds”) PAR $25.00

  • 5.25% Notes due 2025 (NYSE: HCXZ)
  • 6.25% Notes due 2033 (NYSE: HCXY)

Convertible Notes

  • 4.375% Convertible Notes due 2022

Securitization Notes

  • 4.605% Asset-backed Notes due 2027
  • 4.703% Asset-backed Notes due 2028

Forward-Looking Statements

This press release may contain “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995. You
should understand that under Section 27A(b)(2)(B) of the Securities Act
of 1933, as amended, and Section 21E(b)(2)(B) of the Securities Exchange
Act of 1934, as amended, or the Exchange Act, the “safe harbor”
provisions of the Private Securities Litigation Reform Act of 1995 do
not apply to forward-looking statements made in periodic reports we file
under the Exchange Act.

The information disclosed in this press release is made as of the date
hereof and reflects Hercules’ most current assessment of its historical
financial performance. Actual financial results filed with the
Securities and Exchange Commission may differ from those contained
herein due to timing delays between the date of this release and
confirmation of final audit results. These forward-looking statements
are not guarantees of future performance and are subject to
uncertainties and other factors that could cause actual results to
differ materially from those expressed in the forward-looking statements
including, without limitation, the risks, uncertainties, including the
uncertainties surrounding the current market volatility, and other
factors the Company identifies from time to time in its filings with the
Securities and Exchange Commission. Although Hercules believes that the
assumptions on which these forward-looking statements are based are
reasonable, any of those assumptions could prove to be inaccurate and,
as a result, the forward-looking statements based on those assumptions
also could be incorrect. You should not place undue reliance on these
forward-looking statements. The forward-looking statements contained in
this release are made as of the date hereof, and Hercules assumes no
obligation to update the forward-looking statements for subsequent


Michael Hara
Investor Relations and Corporate Communications
Capital, Inc.

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