Hercules Capital (HTGC) closed a private offering of $287.5 million of 4.75% convertible unsecured notes due 2028 to qualified institutional buyers.
The offering includes the additional $37.5 million of notes issued following the exercise of an overallotment option, the company said Monday in a statement.
The company intends to use the net proceeds to fund investments in debt and equity securities and for working capital and other general corporate purposes.
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