Prepayments hit Hercules core yields

The firm reported that $100m in unscheduled prepayments in addition to one loan placed on non-accrual status hurt core yields in the first quarter.

US lender Hercules Capital saw core yields drop in the first quarter compared with the previous period due to a high number of unscheduled prepayments as well as the placing of one portfolio company on non-accrual status, executives said on the company’s recent earnings call.

Core yields were 12.2 percent, a 0.7

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