Hercules Capital Closes Offering and Overallotment of $230.0 Million of Convertible Senior Notes

PALO ALTO, Calif.--(BUSINESS WIRE)--Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), today announced that it has closed a private offering of $230.0 million aggregate principal amount of its 4.375% Convertible Senior Notes due 2022 (the “Convertible Senior Notes”), which amount includes the additional $30.0 million aggregate principal amount of Convertible Senior Notes issued pursuant to the initial purchaser’s exercise in full of its overallotment option. The Convertible Senior Notes were sold 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.