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Hercules Capital Announces Offering of $150.0 Million Convertible Senior Notes

PALO ALTO, Calif.--(BUSINESS WIRE)--Hercules Capital, Inc. (NYSE:HTGC) (“Hercules” or the “Company”), today announced that it plans to make an offering of $150.0 million aggregate principal amount of its Convertible Senior Notes due 2022. The Company plans to grant the initial purchaser an option to purchase up to an additional $22.5 million principal amount of the Convertible Senior Notes to cover overallotments, if any. The Convertible Senior Notes will be offered only to qualified institutional buyers (as defined in the Securities Act of 1933, as amended (the “Securities Act”)) pursuant to Rule 144A under the Securities Act.