Hercules Capital Closes $287.5M Convertible Notes Offering

Hercules Capital ( (HTGC) ) has issued an announcement.

On March 10, 2025, Hercules Capital, Inc. successfully closed a private offering of $287.5 million in 4.750% Convertible Unsecured Notes due 2028. The net proceeds of approximately $278.39 million will be used to fund investments in debt and equity securities and for general corporate purposes. The Convertible Notes, which are unsecured and bear interest semiannually, provide holders the option to convert them into cash, shares, or a combination thereof, with a conversion rate set at 46.5631 shares per $1,000 principal amount. This strategic financial move is expected to bolster Hercules Capital’s investment capabilities and strengthen its position in the venture growth financing market.

More about Hercules Capital

Hercules Capital, Inc. is a leading specialty finance company that provides senior secured venture growth loans to high-growth, innovative venture capital-backed companies in various technology and life sciences industries. Since its inception in December 2003, Hercules has committed over $21 billion to more than 670 companies. It also manages investments for external parties through its wholly owned subsidiary, Hercules Adviser LLC, which is registered as an investment adviser.

YTD Price Performance: -3.79%

Average Trading Volume: 1,131,793

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $3.27B

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