Every 424B that Hercules Capital, Inc. 6.25% Notes due 2033 (HCXY) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow HCXY and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full HCXY filings page.
Hercules Capital, Inc. is offering $300,000,000 aggregate principal amount of 5.350% unsecured notes due February 10, 2029. The notes pay cash interest semi-annually on February 10 and August 10, starting August 10, 2026, and were priced at 99.272% of par, implying proceeds slightly below face value.
The notes rank equally with Hercules Capital’s other unsecured unsubordinated debt, but are effectively subordinated to secured borrowings and structurally subordinated to debt at subsidiaries. Hercules may redeem the notes early, and holders can require repurchase at 100% of principal plus accrued interest following a Change of Control Repurchase Event.
Net proceeds of about $294 million are intended to fund new investments consistent with the company’s business development company strategy, repay amounts outstanding under the SMBC and MUFG bank facilities, and support other general corporate purposes, preserving balance-sheet flexibility while expanding its specialty finance lending capacity.
Hercules Capital, Inc., an internally managed business development company focused on senior secured lending to venture-backed technology and life sciences firms, is offering a new series of unsecured notes. The notes pay semi-annual cash interest and mature in 20__, with optional redemption by the company.
The notes rank equally with Hercules Capital’s other unsecured unsubordinated debt and are effectively subordinated to secured borrowings and structurally subordinated to liabilities at its subsidiaries. Holders can require repurchase at 100% of principal plus accrued interest after a Change of Control Repurchase Event.
Net proceeds are expected to fund new investments, repay borrowings under the SMBC and MUFG Bank credit facilities, and support general corporate purposes. The filing also details significant existing debt, asset coverage requirements as a BDC, and extensive risk factors around leverage, limited covenants, interest-rate sensitivity, liquidity of the notes, and unaudited preliminary financial estimates.