Filed pursuant to Rule 497(a)
Registration No. 333-224281
Rule 482ad
Hercules Capital Prices Public Offering of $40 Million
6.25% Notes due 2033
PALO ALTO, Calif., September
19, 2018
Hercules Capital, Inc. (NYSE: HTGC) (Hercules or the
Company), today announced that it has priced an underwritten public offering of $40 million in aggregate principal amount of 6.25% notes due 2033 (the Notes). The Notes will mature on October 30, 2033, and may be
redeemed in whole or in part at any time or from time to time at the Companys option on or after October 30, 2023. The Notes will bear an interest rate of 6.25% per year payable quarterly on January 30, April 30, July 30,
and October 30, of each year, beginning October 30, 2018. The Company intends to apply to list the Notes on the New York Stock Exchange under the trading symbol HCXY. The closing of the transaction is subject to customary
closing conditions and the Notes are expected to be delivered and paid for on September 24, 2018. The Company has also granted the underwriters a
30-day
option to purchase up to an additional
$6 million in aggregate principal amount of the Notes to cover over-allotments, if any.
The Company expects to use the net proceeds
from this offering (i) to fund investments in debt and equity securities in accordance with its investment objective, (ii) to make acquisitions, (iii) to retire certain debt obligations (which may include the 6.25% Notes due 2024),
and (iv) for other general corporate purposes.
Keefe, Bruyette & Woods,
A Stifel Company
, Morgan Stanley and
UBS Investment Bank are acting as joint book-running managers of this offering. Janney Montgomery Scott is acting as a lead manager of this offering. BB&T Capital Markets, B. Riley FBR, Ladenburg Thalmann, Compass Point and
Wedbush Securities
are acting as
co-managers
of this offering.
The offering may be made
only by means of a preliminary prospectus supplement and an accompanying prospectus, copies of which may be obtained from (1) Keefe, Bruyette & Woods, Inc., Attention: Capital Markets, 787 Seventh Avenue, 4th Floor, New York, NY 10019;
or by calling Keefe, Bruyette & Woods, Inc.
,
toll-free at
(800) 966-1559;
or by
e-mailing
Keefe, Bruyette & Woods, Inc. at
uscapitalmarkets@kbw.com; (2) Morgan Stanley & Co. LLC, 180 Varick Street, New York, NY 10014, Attn: Prospectus Department or by calling Morgan Stanley at
(800) 584-6837,
or by
e-mailing
Morgan Stanley at prospectus@morganstanley.com; and (3) UBS Securities LLC, 1285 Avenue of the Americas, New York, New York 10019, Attention: Prospectus Specialist, Telephone:
888-827-7275.
Investors are advised to carefully consider the
investment objectives, risks, charges and expenses of the Company before investing. The prospectus supplement and the accompanying prospectus contain this and other information about the Company and should be read carefully before investing.
This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, the Notes in
any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.