Hercules Capital (HTGC) said Monday it renewed and upsized its $225 million credit facility with Sumitomo Mitsui Banking.
The upsized facility now includes commitments from Synovus Bank, Customers Bank, and Apple Bank, increasing the total credit capacity to $300 million, subject to borrowing base, leverage, and other conditions.
The renewed agreement features an uncommitted accordion option, allowing expansion up to $500 million. The facility matures in November 2029 and includes a 12-month amortization period, according to the company.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments