Key Takeaways
- • Hercules Capital (NYSE: HTGC) priced an underwritten public offering of $400.0 million in aggregate principal amount of 6.70% notes due October 2029, upsized according to publisher records.
- • The notes are unsecured, pay interest semiannually at 6.700% per year, and mature on October 8, 2029, with redemption provisions per the offering documents.
- • Closing was subject to customary conditions, with delivery and payment expected on October 8, 2026, and the company subsequently completed the registered offering on that date.
- • Hercules Capital shares closed little changed following the pricing announcement, per publisher market data.
Summary
Hercules Capital, Inc. (NYSE: HTGC) announced that it priced an underwritten public offering of $400.0 million in aggregate principal amount of 6.70% notes due October 2029 (the "Notes"). The offering was reported as upsized, and the Notes were expected to be delivered and paid for on October 8, 2026, subject to customary closing conditions.
According to the company's press release as reported by Fintech Business Asia, the Notes are unsecured and bear interest at 6.700% per year, payable semiannually. They mature on October 8, 2029 and may be redeemed under terms set out in the offering documents. Publisher records describe the transaction both as a registered public offering and as an institutional notes offering, and report that the company completed the $400 million senior notes offering on October 8, 2026.
Hercules Capital shares closed little changed after the pricing announcement, according to market data cited by the publisher. The offering adds to the company's unsecured debt funding base, which supports its position as a specialty finance provider focused on venture-stage and growth-stage lending. The transaction is part of the broader pattern of public fixed-income issuance by business development companies in the private credit segment.
According to the company's press release as reported by Fintech Business Asia, the Notes are unsecured and bear interest at 6.700% per year, payable semiannually. They mature on October 8, 2029 and may be redeemed under terms set out in the offering documents. Publisher records describe the transaction both as a registered public offering and as an institutional notes offering, and report that the company completed the $400 million senior notes offering on October 8, 2026.
Hercules Capital shares closed little changed after the pricing announcement, according to market data cited by the publisher. The offering adds to the company's unsecured debt funding base, which supports its position as a specialty finance provider focused on venture-stage and growth-stage lending. The transaction is part of the broader pattern of public fixed-income issuance by business development companies in the private credit segment.
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