secwatch.observer — SEC 8-K summary
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Issuer:     Hercules Capital, Inc. (HTGC)
CIK:        0001280784
Form:       8-K
Filed at:   2025-03-10T23:59:59+00:00
Accession:  0001193125-25-051063
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hercules Capital closes $287.5M convertible note offering at 4.75% due 2028
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- $287.5M aggregate principal of 4.750% Convertible Unsecured Notes due 2028; includes $37.5M overallotment exercised.
- Net proceeds ~$278.4M; to fund investments and general corporate purposes.
- Initial conversion rate 46.5631 shares per $1,000 (conversion price ~$21.48), ~12.5% premium to March 5 close of $19.09.
- Notes rank senior unsecured, mature Sept 1, 2028; no company redemption right; holder conversion under conditions.
- Notes initially assigned BBB+ by Kroll Bond Rating Agency.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1280784/000119312525051063/0001193125-25-051063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1280784/000119312525051063/d931396d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-051063

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