Hercules Capital Prices $250.0 Million of Convertible Unsecured Notes
Portfolio Pulse from
Hercules Capital, Inc. has announced a private offering of $250 million in 4.75% Convertible Unsecured Notes due 2028, with an option for an additional $37.5 million to cover overallotments.
March 05, 2025 | 11:45 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Hercules Capital is issuing $250 million in Convertible Unsecured Notes due 2028, potentially increasing its capital for future investments.
The issuance of convertible notes suggests that Hercules Capital is raising capital, which could be used for growth opportunities. This is generally positive for the company's financial flexibility and future prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100