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AI brief of an SEC Form 8-K · Hercules Capital, Inc. (HTGC)

Hercules Capital prices $400 million of 6.700% notes due 2029

Neutral Impact 3 of 5 financing Written later

Hercules Capital, Inc. closed the sale of $400 million in aggregate principal amount of 6.700% Notes due October 8, 2029, on October 8, 2026, under a previously announced public offering. The company expects to use the net proceeds to repay outstanding indebtedness, fund investments and for general corporate purposes, which adds fixed-rate debt to its balance sheet.

Key points

  • Principal amount: $400 million; interest of 6.700% per year, paid semiannually on April 8 and October 8, starting April 8, 2027
  • Maturity: October 8, 2029, unless previously redeemed or repurchased
  • Notes are unsecured and rank senior to subordinated debt, but effectively rank junior to secured indebtedness
  • Underwriting agreement dated October 5, 2026 with Goldman Sachs & Co. LLC and SMBC Nikko Securities America, Inc. as representatives; trustee is U.S. Bank Trust Company, National Association

The filing

CompanyHercules Capital, Inc. (HTGC)
Form8-K, current report
Filed with the SECOct 8, 2026, 4:19 PM ET
Accession number0001628280-26-065459

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 08, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.