Hercules Capital prices $250M 4.75% Convertible Notes due 2028

Hercules Capital, Inc.

Priced $250M aggregate principal of 4.75% Convertible Unsecured Notes due Sept 1, 2028.
Initial conversion price of $21.48 per share, a 12.5% premium over March 5 closing of $19.09.
Initial purchasers granted option to buy up to an additional $37.5M in notes for overallotments.
Closing expected March 10, 2025; net proceeds used for investments and general corporate purposes.
Company cannot redeem notes prior to maturity; conversion settlement may be cash, stock, or combination.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.