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Hercules Capital Announces Offering of $250.0 Million of Convertible Unsecured Notes

1. Hercules Capital plans to offer $250 million in Convertible Unsecured Notes. 2. This move may affect HTGC's future funding and stock performance.

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FAQ

Why Bullish?

Issuing convertible notes can provide necessary capital for growth, similar to past funding rounds that positively affected HTGC's share performance.

How important is it?

The offering of convertible notes suggests strong future capital strategies, indicating growth potential which can positively influence HTGC's price.

Why Short Term?

The immediate impact from this offering may lead to volatile trading in the short term as investors digest the financial implications.

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CPTATCPCMAIN
SAN MATEO, Calif.--(BUSINESS WIRE)--Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), today announced that it plans to make an offering of $250.0 million aggregate principal amount of its Convertible Unsecured Notes due 2028 (the “Convertible Notes”). The Company plans to grant the initial purchasers an option to purchase up to an additional $37.5 million principal amount of the Convertible Notes to cover overallotments, if any. The Convertible Notes will be offered only to qua.

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