Hercules Capital Prices $200.0 Million of Convertible Senior Notes Upsized from $150.0 Million

PALO ALTO, Calif.--(BUSINESS WIRE)--Hercules Capital, Inc. (NYSE:HTGC) (“Hercules” or the “Company”), today announced that it has agreed to sell to the initial purchaser in a private offering, $200.0 million aggregate principal amount of its 4.375% Convertible Senior Notes due 2022 (the “Convertible Senior Notes”). The offering was upsized to $200.0 million aggregate principal amount of the Convertible Senior Notes from the previously announced offering size of $150.0 million aggregate principal amount of the Convertible Senior Notes. The Company also has granted the initial purchaser an option to purchase up to an additional $30.0 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. The closing of the transaction is subject to customary closing conditions and the Convertible Senior Notes are expected to be delivered and paid for on January 25, 2017.