Hercules Capital (NYSE:HTGC) has announced a new supplemental cash distribution to be paid over four quarters, in addition to its regular dividend. The company also completed a US$300 million unsecured notes offering to support its lending activities to growth companies. These actions raise questions for investors regarding income reliability, balance sheet flexibility, and the deployment of the newly acquired capital.
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Hercules Capital Weighs Added Payouts Against New US300 Million Debt
Hercules Capital (NYSE:HTGC) has announced a new supplemental cash distribution to be paid over four quarters, in addition to its regular dividend. The company also completed a US$300 million unsecured notes offering to support its lending activities to growth companies. These actions raise questions for investors regarding income reliability, balance sheet flexibility, and the deployment of the newly acquired capital.