Hercules Capital has priced an underwritten public offering of $325.0 million in aggregate principal amount of 6.300% notes due July 2031. The unsecured notes bear interest at 6.300% per year, payable semiannually, mature on July 24, 2031, and may be redeemed at par plus a make-whole premium. The company intends to use the net proceeds to repay outstanding indebtedness, fund investments, and for general corporate purposes. Goldman Sachs & Co. LLC, SMBC Nikko Securities America, Inc., and MUFG Securities Americas Inc. are acting as joint book-running managers, with several co-managers also participating. The closing is expected on July 24, 2026, subject to customary conditions.
Hercules Capital, Inc.Hercules Capital is issuing $325M in 6.300% notes, increasing debt and interest expense.