Hercules Capital Prices $400M Notes Offering Due 2029
Hercules Capital (HTGC) has priced an upsized public offering of $400 million in senior notes with a coupon rate of 6.70%, maturing on October 8, 2029. The notes will pay interest semi-annually and are part of the company's ongoing capital-raising efforts to support its business operations and growth initiatives. The offering is underwritten by several financial institutions and reflects Hercules Capital’s strategy to access long-term financing at favorable rates amid current market conditions. Investors appear confident in the firm’s credit profile, as evidenced by the successful pricing above initial expectations.
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