Hercules Capital Prices $400M 6.700% Notes Due 2029 at 99.379
HTGC sits 22% above its 52-week low of $13.7.
Summary
Hercules Capital priced a $400 million offering of 6.700% senior notes due 2029, upsized from $300 million, with settlement expected October 8, 2026.
Key Events · Financing and Capital Events · HTGC
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$400M Note Offering Priced
Hercules Capital priced $400 million of 6.700% senior unsecured notes due October 8, 2029, upsized from the $300 million initially indicated.
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Pricing Terms Finalized
Notes priced at 99.379% of par for a 6.933% yield to maturity, a spread of 195 basis points over the 4.375% Treasury due September 2029.
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Settlement and Underwriters
Settlement expected October 8, 2026 (T+3). Joint book-runners: Goldman Sachs, SMBC Nikko, MUFG; seven co-managers including RBC and Citizens JMP.
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Credit Ratings
Notes rated Baa2 (Stable) by Moody's and BBB- (Stable) by Fitch, both investment grade.
Analysis · HTGC · Unknown
Hercules Capital finalized terms on a $400 million senior unsecured note offering, upsized from the $300 million initially indicated. The notes carry a 6.700% coupon and were priced at 99.379% of par for a 6.933% yield to maturity, a spread of 195 basis points over the benchmark Treasury. This is the company's second major debt raise in under three months, following the $325 million 6.300% notes due 2031 priced in July. The proceeds strengthen Hercules' funding base for its record origination pipeline, but the higher coupon versus the July deal reflects the current rate environment and adds to interest expense.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 29.2% of the 1496 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.63%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, HTGC was trading at $16.69 on NYSE in the Unknown sector, with a market capitalization of approximately $3.1B. The 52-week trading range was $13.70 to $19.13. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.