Hercules Capital issues $350M 6.000% Notes due 2030; MUFG facility upsized to $440M

Hercules Capital, Inc.

Issued $350M unsecured notes at 6.000% due June 2030; net proceeds to repay secured debt.
MUFG facility upsized from $400M to $440M; maturity extended to June 10, 2029.
Facility borrowings accrue at Term SOFR + 2.50%-2.75% per annum; unused fee 0.375%-0.75%.
Minimum tangible net worth covenant set at $1.1B under the MUFG amended loan agreement.
Underwriting agreement for notes with Goldman Sachs & Co. LLC and SMBC Nikko Securities America.

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