Hercules Capital, Inc. (NYSE: HTGC) announced on June 11, 2025, that it priced an upsized underwritten public offering of $350.0 million in aggregate principal amount of 6.000% notes due June 2030. This offering represents a significant capital raise for the company.
The notes are unsecured and will bear interest at a rate of 6.000% per year, payable semiannually, maturing on June 16, 2030. The company expects to use the net proceeds from this offering to repay outstanding secured indebtedness under its existing financing arrangements.
The closing of the transaction is subject to customary closing conditions and the notes are expected to be delivered and paid for on June 16, 2025. This successful pricing demonstrates Hercules Capital's strong access to capital markets and its ability to optimize its funding profile.
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