Hercules Capital Completes $300 Million Notes Offering

Hercules Capital ( (HTGC) ) has provided an announcement.

On February 10, 2026, Hercules Capital, Inc. entered into a Tenth Supplemental Indenture with U.S. Bank Trust Company, National Association, and closed a previously announced public offering of $300 million aggregate principal amount of 5.350% unsecured Notes due February 10, 2029. The notes, issued under a registered shelf on Form N-2, rank senior to expressly subordinated debt, pari passu with other unsubordinated liabilities, and structurally or effectively junior to secured and subsidiary-level obligations, and the company expects to use the net proceeds to fund investments, repay outstanding secured indebtedness, and for general corporate purposes.

The notes bear interest at 5.350% per year, payable semiannually in arrears on February 10 and August 10 starting August 10, 2026, may be redeemed at the company’s option at par plus a make-whole premium if applicable, and are not guaranteed by any subsidiaries. The indenture includes covenants tied to leverage and reporting requirements derived from the Investment Company Act of 1940 and the Exchange Act, and the offering was underwritten pursuant to an agreement dated February 5, 2026 with Goldman Sachs & Co. LLC and SMBC Nikko Securities America, Inc. as representatives of the underwriters.

The most recent analyst rating on (HTGC) stock is a Buy with a $22.00 price target. To see the full list of analyst forecasts on Hercules Capital stock, see the HTGC Stock Forecast page.

Spark’s Take on HTGC Stock

According to Spark, TipRanks’ AI Analyst, HTGC is a Outperform.

Hercules Capital’s strong financial performance, attractive valuation, and positive corporate events contribute significantly to its overall score. While technical indicators suggest potential short-term overbought conditions, the company’s robust earnings call and strategic management provide confidence in its long-term growth prospects.

To see Spark’s full report on HTGC stock, click here.

More about Hercules Capital

Hercules Capital, Inc. is a specialty finance company operating under the Investment Company Act of 1940, focused on providing debt financing and investment capital. The company structures unsecured and secured notes and other credit products to support its investment objectives and manage its capital structure in the U.S. capital markets.

Average Trading Volume: 1,372,708

Technical Sentiment Signal: Hold

Current Market Cap: $2.99B

For detailed information about HTGC stock, go to TipRanks’ Stock Analysis page.