secwatch.observer — SEC 8-K summary
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Issuer:     Hercules Capital, Inc. (HTGC)
CIK:        0001280784
Form:       8-K
Filed at:   2023-01-17T23:59:59+00:00
Accession:  0001193125-23-008904
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1280784/000119312523008904/0001193125-23-008904-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1280784/000119312523008904/d239521d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-008904

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