# Hercules Capital, Inc. (HTGC) — capital_raise/public_offering [completed]
Source: SEC API (secapi.ai) · situation sit_4c3ea857fc09a0953956 · retrieved 2026-08-11T16:11:58.451Z

## Overview
Hercules Capital, Inc. is a Maryland-incorporated business development company that invests in growth-stage companies and provides debt and equity financing.

Hercules Capital, Inc., a business development company, issued and sold $325,000,000 in aggregate principal amount of 6.300% Notes due 2031 on July 24, 2026. The Notes mature on July 24, 2031, with interest payable semiannually on January 24 and July 24 of each year, commencing January 24, 2027. The Notes are unsecured senior obligations that rank pari passu with other unsecured senior indebtedness and senior to subordinated debt. The offering was conducted pursuant to an underwriting agreement dated July 21, 2026, with Goldman Sachs & Co. LLC and SMBC Nikko Securities America, Inc. as representatives of the underwriters. The Company expects to use net proceeds to repay outstanding indebtedness and fund investments in accordance with its investment objectives.

## Terms
- Counterparty: Goldman Sachs & Co. LLC and SMBC Nikko Securities America, Inc. (as representatives of the underwriters) · Deal value: $325.0M · Consideration: cash

## Key dates
- Completed 2026-07-24

## Timeline
- 2026-07-24 · 8-K (0001280784-26-000035): 8-K - Hercules Capital, Inc. — *Hercules Capital, Inc. is a Maryland-incorporated business development company that invests in growth-stage companies and provides debt and equity financing.* Hercules Capital, Inc., a business development company, issued and sold $325,000,000 in aggregate principal amount of 6.300% Notes due 2031 on July 24, 2026. The Notes mature on July 24, 2031, with interest payable semiannually on January 24 and July 24 of each year, commencing January 24, 2027. The Notes are unsecured senior obligations that rank pari passu with other unsecured senior indebtedness and senior to subordinated debt. The offering was conducted pursuant to an underwriting agreement dated July 21, 2026, with Goldman Sachs & Co. LLC and SMBC Nikko Securities America, Inc. as representatives of the underwriters. The Company expects to use net proceeds to repay outstanding indebtedness and fund investments in accordance with its investment objectives.
  https://www.sec.gov/Archives/edgar/data/1280784/0001280784-26-000035.txt

## Citations
- 0001280784-26-000035 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000128078426000035