Hercules Capital Closes Institutional Notes Offering of $400.0 Million 6.700% Notes due 2029
FROM THE WIRE · FINANCE.YAHOO.COM
Notes due 2029 Initially Assigned Ratings of Baa2 by Moody's Investors Service and BBB- by Fitch Ratings, Inc. SAN MATEO, Calif., October 08, 2026--(BUSINESS WIRE)--Hercules Capital, Inc. (NYSE: HTGC) ("Hercules," "Hercules Capital," or the "Company"), today announced that it…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralA corporate bond offering by a private credit company is a routine financing event.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Hercules Capital closed an upsized underwritten public offering of $400.0 million in 6.700% notes due October 2029.
- 02The notes received ratings of Baa2 from Moody's and BBB- from Fitch Ratings.
- 03The company will use net proceeds to repay outstanding debt and fund investments.
- 04The notes are unsecured and will pay interest semiannually.
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