Hercules Capital Secures $1 Billion Credit Facility
Ticker: HCXY · Form: 8-K · Filed: May 2, 2024 · CIK: 1280784
| Field | Detail |
|---|---|
| Company | Hercules Capital, Inc. (HCXY) |
| Form Type | 8-K |
| Filed Date | May 2, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001, $0.48 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt-financing, credit-facility
TL;DR
Hercules Capital just inked a $1B credit line to fuel more deals.
AI Summary
Hercules Capital, Inc. announced on April 30, 2024, that it has entered into a new credit agreement with an aggregate principal amount of $1.0 billion. This agreement, effective as of April 30, 2024, provides Hercules Capital with additional debt financing capacity to support its growth and investment strategies.
Why It Matters
This substantial credit facility provides Hercules Capital with increased financial flexibility to fund its lending activities and pursue new investment opportunities, potentially impacting its future growth and profitability.
Risk Assessment
Risk Level: medium — The new credit facility increases the company's leverage, which could amplify both gains and losses depending on the performance of its investments.
Key Numbers
- $1.0B — Credit Facility (New debt financing capacity)
Key Players & Entities
- Hercules Capital, Inc. (company) — Registrant
- $1.0 billion (dollar_amount) — Aggregate principal amount of new credit agreement
- April 30, 2024 (date) — Effective date of the new credit agreement
FAQ
What is the purpose of the new $1.0 billion credit agreement?
The filing indicates the credit agreement provides Hercules Capital with additional debt financing capacity to support its growth and investment strategies.
When did the new credit agreement become effective?
The new credit agreement became effective as of April 30, 2024.
What is the aggregate principal amount of the new credit facility?
The aggregate principal amount of the new credit agreement is $1.0 billion.
What is the company's state of incorporation?
Hercules Capital, Inc. is incorporated in Maryland.
What is the company's principal executive office address?
The principal executive offices are located at 1 North B Street, Suite 2000, San Mateo, CA 94401.
Filing Stats: 582 words · 2 min read · ~2 pages · Grade level 9.5 · Accepted 2024-05-02 16:31:58
Key Financial Figures
- $0.001 — ich registered Common Stock, par value $0.001 per share HTGC New York Stock Excha
- $0.48 — quarter 2024 total cash distribution of $0.48 per share, which will be paid to stockh
Filing Documents
- d802560d8k.htm (8-K) — 31KB
- d802560dex991.htm (EX-99.1) — 186KB
- d802560dex992.htm (EX-99.2) — 8KB
- g802560g0502012808057.jpg (GRAPHIC) — 4KB
- g802560g0502012808273.jpg (GRAPHIC) — 4KB
- 0001193125-24-129411.txt ( ) — 420KB
- hcxy-20240430.xsd (EX-101.SCH) — 4KB
- hcxy-20240430_def.xml (EX-101.DEF) — 13KB
- hcxy-20240430_lab.xml (EX-101.LAB) — 22KB
- hcxy-20240430_pre.xml (EX-101.PRE) — 14KB
- d802560d8k_htm.xml (XML) — 5KB
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits. Number Exhibit 99.1 Press Release dated May 2, 2024 99.2 Press Release dated April 30, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. HERCULES CAPITAL, INC. May 2, 2024 By: /s/ Kiersten Zaza Botelho Kiersten Zaza Botelho Secretary