Hercules Capital: issues $400,000,000 6.700% notes due Oct 8, 2029

What happened Hercules Capital, Inc. filed an 8-K reporting that it entered into the Twelfth Supplemental Indenture with U.S. Bank Trust Company, National Association in connection with the issuance, offer and sale of $400,000,000 in aggregate principal amount of its 6.700% Notes due 2029. The transaction closed on Oct 8, 2026. The company also reported that on Oct 5, 2026 it entered into an underwriting agreement with Goldman Sachs & Co. LLC and SMBC Nikko Securities America, Inc.

Key details

• Notes: $400,000,000 aggregate principal, 6.700% interest per year, mature Oct 8, 2029 unless earlier redeemed or repurchased.
• Interest and payment: paid semiannually in arrears on Apr 8 and Oct 8 of each year, commencing Apr 8, 2027.
• Security and ranking: unsecured obligations; not guaranteed by current or future subsidiaries; rank senior to any expressly subordinated indebtedness, pari passu with other unsubordinated liabilities, effectively subordinated to secured indebtedness to the extent of collateral value, and structurally subordinated to subsidiaries’ indebtedness.
• Redemption and covenants: may be redeemed in whole or in part at par plus a make-whole premium if applicable; indenture includes covenants requiring compliance with specified provisions of the Investment Company Act of 1940 (as modified) and certain reporting and financial information obligations if the company ceases to be subject to Sections 13 or 15(d) of the Exchange Act.
• Offering and use of proceeds: offering made under the company’s Form N-2 registration statement (Reg. No. 333-283735), with preliminary and final prospectus supplements dated Oct 5, 2026 (filed Oct 6, 2026); company expects to use net proceeds to repay outstanding unsecured indebtedness and/or secured indebtedness under financing arrangements, fund investments in accordance with its investment objectives and for other general corporate purposes.

Why it may matter This filing reports Item 1.01 (entry into a material definitive agreement) for the Twelfth Supplemental Indenture and issuance of the Notes, and Item 8.01 (other events) for the underwriting agreement. The filing describes the terms, ranking, covenants and intended use of proceeds for the Notes. This filing does not show why the insider traded or why the company acted.