# Hercules Capital Closes $400 Million Institutional Notes Offering

- URL: https://stocks.freetheai.org/news/hercules-capital-closes-400-million-institutional-notes-offering-4185fd
- Published: 2026-10-08T20:05:00Z
- Category: company_news; sentiment: neutral; impact: medium
- Symbols: [NYSE:HTGC](https://stocks.freetheai.org/symbols/NYSE-HTGC)
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Hercules Capital, Inc. (HTGC) has finalized an upsized public offering of $400 million in aggregate principal amount of unsecured notes. These notes carry a 6.700% annual interest rate, which will be paid semiannually, and are scheduled to mature on October 8, 2029.

The specialty finance firm plans to deploy the net proceeds from this debt offering to pay down its existing secured and unsecured debts. Additionally, the capital will be used to support new investments aligned with its corporate objectives and for general corporate purposes. This capital injection allows the company to refinance its obligations and maintain liquidity for future growth.

Investors will want to monitor how efficiently the company deploys this $400 million into its core business of providing senior secured venture growth loans to technology and life sciences companies. Keeping an eye on how these new investments affect the company's net asset value and future earnings will be key.

## Key points

- Hercules Capital, Inc. (HTGC) closed an upsized public offering of $400 million in unsecured notes.
- The notes carry a 6.700% annual interest rate and are due to mature on October 8, 2029.
- Net proceeds will be utilized to repay existing debt, fund new investments, and support general corporate purposes.
- The company's stock closed up 1.22% at $16.56 following the announcement.

## Questions and answers

### What are the terms of the Hercules Capital notes offering?

Hercules Capital closed a $400 million offering of unsecured notes maturing on October 8, 2029, with a 6.700% annual interest rate paid semiannually.

### How will Hercules Capital use the proceeds from the notes?

The company plans to use the net proceeds to repay outstanding secured and unsecured debt, fund new venture loans, and for general corporate purposes.