New York, Sept. 19 – Hercules Capital, Inc. priced $40 million of 6.25% notes due 2033, according to a news release.
The offering has a $6 million over-allotment option.
Keefe, Bruyette & Woods, Morgan Stanley and UBS Investment Bank are bookrunners.
The company plans to list the notes on the New York Stock Exchange under the symbol “HCXY.”
Proceeds will be used to fund investments in debt and equity securities in accordance with the issuer’s investment objective, to make acquisitions, to retire debt which may include Hercules’ 6.25% notes due 2024 and for other general corporate purposes.
Hercules Capital is a Palo Alto, Calif. specialty finance company that provides senior secured venture growth loans to innovative venture capital-backed companies in a broad variety of technology, life sciences and sustainable and renewable technology industries.
| Issuer: | Hercules Capital, Inc.
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| Issue: | Notes
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| Amount: | $40 million
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| Greenshoe: | $6 million
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| Maturity: | Oct. 30, 2033
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| Coupon: | 6.25%, payable quarterly
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| Call: | Starting Oct. 30, 2023
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| Pricing date: | Sept. 19
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| Settlement date: | Sept. 24
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| Bookrunners: | Keefe, Bruyette & Woods, Morgan Stanley and UBS Investment Bank
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| Lead manager: | Janney Montgomery Scott
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| Co-managers: | BB&T Capital Markets, B. Riley FBR, Ladenburg Thalmann, Compass Point and Wedbush Securities
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| Distribution: | Off shelf
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| Symbol: | NYSE: HCXY
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