Hercules Capital, Inc. entered into an Eleventh Supplemental Indenture on July 24, 2026, to issue $325,000,000 in aggregate principal amount of 6.300% Notes due 2031. The notes are unsecured obligations that rank senior in right of payment to all existing and future subordinated indebtedness. Interest is payable semiannually on January 24 and July 24, starting in 2027. The company expects to use the net proceeds to repay debt and fund investments. Hercules Capital, Inc. is a business development company that provides debt financing to middle-market companies.