debt
confidence high
sentiment positive
materiality 0.70
Hercules Capital expands credit facilities to $720M from $500M to support portfolio growth
Hercules Capital, Inc.
- MUFG facility increased from $400M to $545M; SMBC facility increased from $100M to $175M.
- Uncommitted accordion on SMBC facility expanded to $325M (total capacity $500M).
- Synovus Financial Corporation provided a new $75M commitment under the SMBC facility.
- Maturity dates for both facilities remain unchanged; LIBOR replaced with SOFR benchmarks.
- Company cites strong investment pipeline and market opportunities for the expansion.