---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-008904"
form_type: "8-K"
ticker: "HTGC"
cik: "0001280784"
company_name: "Hercules Capital, Inc."
filed_at: "2023-01-17T23:59:59+00:00"
generated_at: "2026-06-20T14:32:08.328326+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Hercules Capital enters new $100M SMBC LC facility; amends MUFG revolver reducing capacity to $400M

## Summary
- Entered $100M letter of credit facility with Sumitomo Mitsui Banking Corp., maturing Jan 13, 2026; proceeds support unfunded portfolio commitments.
- First Omnibus Amendment to SMBC RCF permits up to $400M of debt from LC facilities and grants liens on assets securing them.
- MUFG Third Amendment reduces maximum revolver from $545M to $400M, extends maturity to Jan 13, 2026 plus 12-month amortization.
- MUFG borrowing spread modified to SOFR plus 2.75%; non-use fee 0.75%–0.375%; minimum tangible net worth covenant set at $869M.

## SEC filing metadata
- accession: 0001193125-23-008904
- form_type: 8-K
- ticker: HTGC
- cik: 0001280784
- company_name: Hercules Capital, Inc.
- filed_at: 2023-01-17T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1280784/000119312523008904/0001193125-23-008904-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1280784/000119312523008904/d239521d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-008904
- JSON: https://secwatch.observer/filing/0001193125-23-008904.json
- Plain text: https://secwatch.observer/filing/0001193125-23-008904.txt

## Key facts
- Debt Financings
  Hercules Capital, Inc. incurred credit facility of $100.0 million with Sumitomo Mitsui Banking Corporation maturing January 13, 2026.
  - Instrument: credit facility
  - Principal: $100.0 million
  - Counterparty: Sumitomo Mitsui Banking Corporation
  - Maturity: January 13, 2026
  - Event: incurrence
  source text: Hercules Capital, Inc., a Maryland corporation (the “Company”), entered into a Letter of Credit Facility Agreement (the “SMBC LC Facility”) with Sumitomo Mitsui Banking Corporation (“SMBC”), as issuing bank. The SMBC LC Facility provides for a letter of credit facility with a final maturity date ending on January 13, 2026 and an initial commitment amount of $100.0 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1280784/000119312523008904/0001193125-23-008904-index.htm
- Material Agreements
  Hercules Capital, Inc. amended SMBC RCF First Omnibus Amendment with Sumitomo Mitsui Banking Corporation (effective 2023-01-13).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Sumitomo Mitsui Banking Corporation
  - Effective: 2023-01-13
  source text: On January 13, 2023, the Company entered into the First Omnibus Amendment to Revolving Credit Agreement and Guarantee and Security Agreement (the “SMBC RCF First Omnibus Amendment”), which among other things, amends the Revolving Credit Agreement, dated as of November 9, 2021,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1280784/000119312523008904/0001193125-23-008904-index.htm
- Material Agreements
  Hercules Capital, Inc. entered into SMBC LC Facility with Sumitomo Mitsui Banking Corporation valued at $100.0 million (effective 2023-01-13).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Sumitomo Mitsui Banking Corporation
  - Value: $100.0 million
  - Effective: 2023-01-13
  source text: On January 13, 2023, Hercules Capital, Inc., a Maryland corporation (the “Company”), entered into a Letter of Credit Facility Agreement (the “SMBC LC Facility”) with Sumitomo Mitsui Banking Corporation (“SMBC”), as issuing bank.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1280784/000119312523008904/0001193125-23-008904-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.