Hercules Capital issues $350M of 3.375% notes due 2027; to refinance convertible notes

Hercules Capital, Inc.

Issued $350.0M of 3.375% Notes due January 20, 2027.
Interest paid semiannually on Jan 20 and Jul 20; first payment Jul 20, 2022.
Net proceeds to repay ~$230M of 4.375% convertible notes due 2022 and fund investments.
Notes are unsecured, rank senior in right of payment to subordinated debt.

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