Financing ·
Hercules Capital prices $400M of 6.70% notes due 2029 to repay debt and fund investments
HCXYHercules Capital, Inc.
Hercules Capital, Inc. announced the closing of a public offering on October 8, 2026, issuing $400 million in aggregate principal amount of 6.700% Notes due 2029. The notes mature on October 8, 2029, and pay interest semiannually on April 8 and October 8, commencing April 8, 2027. These unsecured obligations rank senior in right of payment to existing subordinated debt but are structurally junior to secured indebtedness. The company intends to use the net proceeds to repay outstanding unsecured and secured indebtedness, fund investments consistent with its objectives, and for general corporate purposes. Hercules Capital operates as a business development company focused on providing financing solutions to small and mid-sized technology and life science companies.