Hercules Capital to pay down credit facilities with some note proceeds

By Wendy Van Sickle

Columbus, Ohio, July 16 – Hercules Capital, Inc. plans to pay down its credit facilities with some proceeds of its recent private placement of $105 million of notes.

The company announced completion of the five-year 4.77% note placement on Tuesday.

Additional proceeds will be used to invest in equity and debt securities and for general corporate purposes.

Hercules Capital is a Palo Alto, Calif.-based specialty finance company.

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