Market News / Story
Hercules Capital, Inc. (HTGC) Sells $400M 6.700% Notes Due 2029
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Hercules Capital closed an upsized $400.0M unsecured notes offering at 6.700% due Oct. 8, 2029. Proceeds will repay debt, fund investments, and for general corporate purposes. Material Details #DetailAI Analyst View1$400M unsecured notes closedAdds liquidity; size indicates solid market access and funding capacity.26.700% coupon, due Oct 2029Sets cost of capital for five-year money; impacts NII spread versus loan yields.3Upsized offeringInvestor demand likely strong;…