---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-141510"
form_type: "8-K"
ticker: "HTGC"
cik: "0001280784"
company_name: "Hercules Capital, Inc."
filed_at: "2025-06-16T23:59:59+00:00"
generated_at: "2026-05-19T06:09:45.446178+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-141510
- form_type: 8-K
- ticker: HTGC
- cik: 0001280784
- company_name: Hercules Capital, Inc.
- filed_at: 2025-06-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1280784/000119312525141510/0001193125-25-141510-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1280784/000119312525141510/d71856d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-141510
- JSON: https://secwatch.observer/filing/0001193125-25-141510.json
- Plain text: https://secwatch.observer/filing/0001193125-25-141510.txt

## Key facts
- Debt Financings
  Hercules Capital, Inc. incurred senior notes of $350,000,000 in aggregate principal amount with U.S. Bank Trust Company, National Association at 6.000% per year maturing 2025-06-16.
  - Instrument: senior notes
  - Principal: $350,000,000 in aggregate principal amount
  - Counterparty: U.S. Bank Trust Company, National Association
  - Rate: 6.000% per year
  - Maturity: 2025-06-16
  - Event: incurrence
  source text: Company and the Trustee (together with the Ninth Supplemental Indenture, the “Indenture”). The Ninth Supplemental Indenture relates to the Company’s issuance, offer and sale of $ 350,000,000 in aggregate principal amount of its 6.000% Notes due 2030 (the “Notes”). The Notes will mature on June 16, 2030, unless previously redeemed or repurchased in accordance with
  evidence_url: https://www.sec.gov/Archives/edgar/data/1280784/000119312525141510/0001193125-25-141510-index.htm
- Debt Financings
  Hercules Capital, Inc. amended revolving credit of upsize the facility from $400.0 million to $440.0 million with MUFG Bank, Ltd. at Term SOFR plus a SOFR Margin ranging from 2.50% per annum to 2.75% per annum maturing June 10, 2029.
  - Instrument: revolving credit
  - Principal: upsize the facility from $400.0 million to $440.0 million
  - Counterparty: MUFG Bank, Ltd.
  - Rate: Term SOFR plus a SOFR Margin ranging from 2.50% per annum to 2.75% per annum
  - Maturity: June 10, 2029
  - Event: amendment
  source text: ules Funding IV LLC, a Delaware limited liability company and a special purpose wholly-owned subsidiary of the Company (“HFIV”) entered into the Fourth Amendment to Loan and Security Agreement (the “MUFG Fourth Amendment”), with the lenders party thereto, and MUFG Bank, Ltd., as agent, a joint lead arranger, swingline lender and sole bookrunner, which amends the Loan and Security Agreement, dated as of February 20, 2020, as amended by the First Amendment to Loan and Security Agreement, dated as of June 18, 2021, as further amended by the Second Amendment to Loan and Security Agreement, dated as of June 10, 2022, and as further amended by the Third Amendment to Loan and Security Agreement, dated as of January 13, 2023 (the “MUFG Loan Agreement” and, as amended by the MUFG Fourth Amendment, the “MUFG Amended Loan Agreement”), with HFIV, as borrower, the lenders from time to time party ther
  evidence_url: https://www.sec.gov/Archives/edgar/data/1280784/000119312525141510/0001193125-25-141510-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.