9/103 sources · 2 publishersUpdated Oct 8, 20:48 UTC
Hercules Capital upsizes $400 million senior note offering at 6.70% due 2029
Hercules Capital priced and closed an upsized unsecured senior note offering of $400 million with a 6.70% coupon. The notes mature in October 2029 and pay interest semi‑annually. Proceeds will be used to refinance existing debt, fund new investments and support general corporate purposes.
Why it matters
The company’s statement says the proceeds will refinance debt and fund investments, which could improve its balance‑sheet strength and liquidity for investors. The new debt adds $400 million of senior unsecured obligations to the capital structure, affecting credit metrics.
Key facts
- 1Hercules Capital priced a $400 million offering of 6.70% senior unsecured notes due 2029. seekingalpha.com
- 2The notes will mature in October 2029. seekingalpha.com
- 3Interest on the notes is payable semi‑annually, beginning in 2027. tradingview.com
- 4The offering closed at the same terms of $400 million and 6.70% coupon. tradingview.com
- 5Proceeds will be used to repay debt, fund investments and support general corporate purposes. tradingview.com
Summary written by AlphAI from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.