secwatch.observer — SEC 8-K summary
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Issuer:     Hercules Capital, Inc. (HTGC)
CIK:        0001280784
Form:       8-K
Filed at:   2025-06-16T23:59:59+00:00
Accession:  0001193125-25-141510
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1280784/000119312525141510/0001193125-25-141510-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1280784/000119312525141510/d71856d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-141510

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