Hercules Capital, Inc. (HTGC) announced the closing of a public offering of $400 million in aggregate principal amount of senior unsecured notes. The company intends to use the net proceeds from the offering to repay existing debt, fund investments in line with its objectives, and for general corporate purposes.
Key Details
- Offering: $400 million aggregate principal amount of 6.700% Notes due 2029.
- Terms: The notes will mature on October 8, 2029, and will bear interest at a rate of 6.700% per year, payable semi-annually on April 8 and October 8, commencing April 8, 2027.
- Ranking: The notes are the company's unsecured obligations and rank equally in right of payment with all of its existing and future senior unsecured indebtedness.
- Closing Date: The transaction closed on October 8, 2026.