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Hercules Capital closes note offering

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Hercules Capital closes note offering

HerculesCapital Inc. has closed its underwritten of an additional $65.4 millionin aggregate principal amount of its 6.25% unsecured notes due 2024.

The notes constitute a further issuance of, rank equally inright of payment with, and form a single series with the $103 million inaggregate principal amount of the 6.25% unsecured notes due 2024 initiallyissued on July 14, 2014.

The underwriters exercised their option to purchase $7.5million in aggregate principal amount of the newly offered notes to coveroverallotments, bringing the total size of the offering to $72.9 million.

The new notes will trade with the existing notes on the NYSEunder the symbol HTGX.

Hercules Capital intends to invest the net proceeds to fundits investments in debt and equity securities, and for other general corporatepurposes.

The notes and the new notes will mature July 30, 2024, andmay be redeemed in whole or in part at any time or from time to time at thecompany's option on or after July 30, 2017. The new notes will bear interest ata rate of 6.25% per year payable quarterly on Jan. 30, April 30, July 30 andOct. 30, of each year, beginning July 30.

Keefe Bruyette & Woods, Jefferies and RBC CapitalMarkets LLC are acting as joint book-running managers of the offering. SandlerO'Neill & Partners LP is acting as a lead manager, while BB&T CapitalMarkets and Janney Montgomery Scott are acting as co-managers of the offering.