debt
confidence high
sentiment neutral
materiality 0.65
Hercules Capital plans $250M convertible notes offering due 2028, with overallotment option
Hercules Capital, Inc.
- Plans to offer $250M aggregate principal of Convertible Unsecured Notes due Sept 1, 2028.
- Initial purchasers may buy up to an additional $37.5M to cover overallotments.
- Notes are unsecured, pay semiannual interest, convertible under specified circumstances.
- Company will elect to settle conversions in cash, stock, or a combination.
- Net proceeds to fund investments in debt/equity securities and for general corporate purposes.