Hercules Capital, Inc. announced the closing of a public offering of $325 million in aggregate principal amount of 6.300% unsecured notes. The company intends to use the net proceeds from the offering to repay existing debt, fund new investments in line with its objectives, and for other general corporate purposes.
Key Details
- Offering Size & Terms: The company issued $325,000,000 in aggregate principal amount of 6.300% unsecured notes.
- Maturity & Interest: The notes will mature on July 24, 2031. Interest will be paid semiannually in arrears on January 24 and July 24 of each year, commencing January 24, 2027.
- Ranking: The notes are unsecured senior obligations, ranking equally with the company's other existing and future senior unsecured liabilities and structurally junior to the debt of its subsidiaries.