By Wendy Van Sickle
Columbus, Ohio, July 16 – Hercules Capital, Inc. completed a private placement of $105 million of 4.77% notes due 2024, according to a press release issued on Tuesday.
The notes are callable at any time at a make-whole amount.
Goldman Sachs & Co. LLC was the placement agent.
Proceeds will be used to pay down existing credit facilities, fund investments in debt and equity securities and for general corporate purposes.
Hercules Capital is a Palo Alto, Calif.-based specialty finance company.
| Issuer: | Hercules Capital, Inc.
|
| Issue: | Notes
|
| Amount: | $105 million
|
| Maturity: | July 16, 2024
|
| Coupon: | 4.77%
|
| Call: | Make-whole call
|
| Placement agent: | Goldman Sachs & Co. LLC
|
| Announcement date: | July 16
|
| Distribution: | Private placement
|
| Ratings: | Kroll: BBB+
|
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