Hercules Capital Renews and Increases Its Multi-Currency SMBC Credit Facility to $300.0 Million
Hercules Capital (NYSE: HTGC) has renewed and expanded its credit facility with Sumitomo Mitsui Banking (SMBC) from $225.0 million to $300.0 million. The renewed facility includes participation from Synovus Bank, Customers Bank, and Apple Bank, with an uncommitted accordion feature expandable up to $500.0 million. The facility matures in November 2029, including a 12-month amortization period. This renewal aims to strengthen capital resources and enhance operational flexibility while maintaining optimal cost of capital.
Hercules Capital (NYSE: HTGC) ha rinnovato ed ampliato la sua linea di credito con Sumitomo Mitsui Banking (SMBC) da 225,0 milioni di dollari a 300,0 milioni di dollari. La nuova linea include la partecipazione di Synovus Bank, Customers Bank e Apple Bank, con una caratteristica di accordion non impegnativa espandibile fino a 500,0 milioni di dollari. La scadenza della linea è prevista per novembre 2029, inclusi 12 mesi di periodo di ammortamento. Questo rinnovo mira a rafforzare le risorse di capitale e migliorare la flessibilità operativa, mantenendo al contempo un costo del capitale ottimale.
Hercules Capital (NYSE: HTGC) ha renovado y ampliado su línea de crédito con Sumitomo Mitsui Banking (SMBC) de 225,0 millones de dólares a 300,0 millones de dólares. La nueva línea incluye la participación de Synovus Bank, Customers Bank y Apple Bank, con una característica de accordion no comprometida que se puede expandir hasta 500,0 millones de dólares. La fecha de vencimiento de la línea está prevista para noviembre de 2029, incluyendo un período de amortización de 12 meses. Esta renovación tiene como objetivo fortalecer los recursos de capital y mejorar la flexibilidad operativa, manteniendo al mismo tiempo un costo de capital óptimo.
헤라클레스 캐피탈 (NYSE: HTGC)는 스미토모 미쓰이 은행 (SMBC)과의 대출 한도를 2억 2,500만 달러에서 3억 달러로 갱신하고 확대했습니다. 새로 갱신된 대출에는 시노버스 은행, 커스터머스 은행, 애플 은행이 참여하며, 비공식적으로 최대 5억 달러까지 확장 가능한 기능이 포함되어 있습니다. 이 대출은 2029년 11월 만료되며, 12개월의 상환 기간을 포함합니다. 이번 갱신은 자본 자원을 강화하고 운영 유연성을 높이며 최적의 자본 비용을 유지하는 것을 목표로 하고 있습니다.
Hercules Capital (NYSE: HTGC) a renouvelé et élargi sa ligne de crédit avec Sumitomo Mitsui Banking (SMBC) de 225,0 millions de dollars à 300,0 millions de dollars. La ligne renouvelée comprend la participation de Synovus Bank, Customers Bank et Apple Bank, avec une fonctionnalité d'accordéon non engagée pouvant être étendue jusqu'à 500,0 millions de dollars. La ligne arrive à maturité en novembre 2029, incluant une période d'amortissement de 12 mois. Ce renouvellement vise à renforcer les ressources en capital et à améliorer la flexibilité opérationnelle tout en maintenant un coût du capital optimal.
Hercules Capital (NYSE: HTGC) hat seine Kreditlinie mit Sumitomo Mitsui Banking (SMBC) von 225,0 Millionen Dollar auf 300,0 Millionen Dollar erneuert und erweitert. Die erneuerte Kreditlinie umfasst die Teilnahme von Synovus Bank, Customers Bank und Apple Bank und verfügt über eine nicht verpflichtende Accordion-Funktion, die auf bis zu 500,0 Millionen Dollar ausgeweitet werden kann. Die Kreditlinie läuft im November 2029 aus und umfasst eine 12-monatige Amortisationszeit. Diese Erneuerung zielt darauf ab, die Kapitalressourcen zu stärken und die operationale Flexibilität zu verbessern, während gleichzeitig die optimalen Kapitalkosten gehalten werden.
- Credit facility increased by $75 million to $300 million
- Potential expansion up to $500 million through accordion feature
- Extended maturity to November 2029
- Addition of three new banking partners
- None.
Insights
This credit facility expansion represents a significant enhancement to HTGC's liquidity position, with the facility growing
The multi-currency aspect provides flexibility in international deals, while the extended maturity timeline with a 12-month amortization period helps manage repayment risk. The addition of new banking partners (Synovus, Customers Bank and Apple Bank) alongside SMBC diversifies funding sources and strengthens banking relationships. This facility enhancement supports HTGC's position as the largest venture debt provider, enabling continued portfolio growth while maintaining cost-effective leverage.
“With the renewal and increase in our credit facility with SMBC, we continue to strengthen our capital resources and enhance our operational flexibility while maintaining an optimal cost of capital,” said Seth Meyer, chief financial officer of Hercules. “We want to thank SMBC for their continued support of our industry-leading franchise.”
For additional information, please review the Company’s current report on Form 8-K, to be filed with the Securities and Exchange Commission (“SEC”), which will include the completed transaction documents.
About Hercules Capital, Inc.
Hercules Capital, Inc. (NYSE: HTGC) is the leading and largest specialty finance company focused on providing senior secured venture growth loans to high-growth, innovative venture capital-backed companies in a broad variety of technology and life sciences industries. Since inception (December 2003), Hercules has committed more than
Hercules, through its wholly owned subsidiary business, Hercules Adviser LLC (the “Adviser Subsidiary”), also maintains an asset management business through which it manages investments for external parties (“Adviser Funds”). The Adviser Subsidiary is registered as an investment adviser under the Investment Advisers Act of 1940.
Hercules’ common stock trades on the New York Stock Exchange (NYSE) under the ticker symbol “HTGC.” In addition, Hercules has one retail bond issuance of
Forward-Looking Statements
This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. We may use words such as “anticipates,” “believes,” “expects,” “intends,” “will,” “should,” “may” and similar expressions to identify forward-looking statements. Forward-looking statements are not guarantees of future performance and should not be relied upon in making any investment decision. Such statements are based on currently available operating, financial and competitive information and are subject to various risks and uncertainties that could cause actual results to differ materially from our historical experience and our present expectations. While we cannot identify all such risks and uncertainties, we urge you to read the risks discussed in our Annual Report on Form 10-K and other materials that we publicly file with the Securities and Exchange Commission. Any forward-looking statements made in this press release are made only as of the date hereof. Hercules assumes no obligation to update any such statements in the future.
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Michael Hara
Investor Relations and Corporate Communications
Hercules Capital, Inc.
650-433-5578
mhara@htgc.com
Source: Hercules Capital, Inc.
FAQ
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