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Stock impact report

Hercules Capital Renews and Increases Its Multi-Currency SMBC Credit Facility to $300.0 Million

Hercules Capital, Inc. (HTGC) 
Last hercules capital, inc. earnings: 2/20 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investor.htgc.com
Company Research Source: Business Wire
SAN MATEO, Calif.--(BUSINESS WIRE)--Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced that it has renewed and upsized its existing $225.0 million credit facility with Sumitomo Mitsui Banking Corporation (“SMBC”) with an upsized credit facility under which Synovus Bank, Customers Bank and Apple Bank, together with SMBC, have committed a total of $300.0 million in credit capacity subject to borrowing base, leverage and other restrictions. The renewed credit facility also includes an uncommitted accordion feature expandable up to $500.0 million. The renewed credit facility matures in November 2029, including a 12-month amortization period.“With the renewal and increase in our credit facility with SMBC, we continue to strengthen our capital resource Show less Read more
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