Hercules Capital upsizes SMBC credit facility to $300M, extends maturity to 2029

Hercules Capital, Inc.

SMBC credit facility increased from $225M to $300M; accordion feature allows expansion up to $500M.
Maturity date extended to November 2029 (from Nov 2026), with a 12-month amortization period.
Interest: ABR loans at 1.00% + alternate base rate; Term Benchmark/RFR loans at 2.00% + adjusted term benchmark rate.
Participating lenders: SMBC, Synovus Bank, Customers Bank, Apple Bank.
CFO Seth Meyer stated the renewal strengthens capital resources and operational flexibility while maintaining optimal cost of capital.

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