<SEC-DOCUMENT>0001193125-25-139261.txt : 20250611
<SEC-HEADER>0001193125-25-139261.hdr.sgml : 20250611
<ACCEPTANCE-DATETIME>20250611171636
ACCESSION NUMBER:		0001193125-25-139261
CONFORMED SUBMISSION TYPE:	497AD
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250611
DATE AS OF CHANGE:		20250611

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Hercules Capital, Inc.
		CENTRAL INDEX KEY:			0001280784
		ORGANIZATION NAME:           	
		EIN:				743113410
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		497AD
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-283735
		FILM NUMBER:		251040889

	BUSINESS ADDRESS:	
		STREET 1:		1 NORTH B STREET
		STREET 2:		SUITE 2000
		CITY:			SAN MATEO
		STATE:			CA
		ZIP:			94401
		BUSINESS PHONE:		650-289-3060

	MAIL ADDRESS:	
		STREET 1:		1 NORTH B STREET
		STREET 2:		SUITE 2000
		CITY:			SAN MATEO
		STATE:			CA
		ZIP:			94401

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HERCULES TECHNOLOGY GROWTH CAPITAL INC
		DATE OF NAME CHANGE:	20040219
</SEC-HEADER>
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<TYPE>497AD
<SEQUENCE>1
<FILENAME>d12679d497ad.htm
<DESCRIPTION>497AD
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<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Filed pursuant to Rule 497(a)</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Registration <FONT STYLE="white-space:nowrap">No.&nbsp;333-283735</FONT></B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><B>Rule 482ad</B></P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>** New Deal: Hercules Capital, Inc. (HTGC) ** </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top">Issuer:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Hercules Capital, Inc. (&#147;HTGC&#148;)</TD></TR>
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<TD VALIGN="top">Format:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">SEC Registered</TD></TR>
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<TD VALIGN="top">Ranking:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Senior Unsecured</TD></TR>
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<TD VALIGN="top">Expected Ratings (Moody&#146;s/Fitch)<B>*</B>:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Baa3 (positive) / <FONT STYLE="white-space:nowrap">BBB-</FONT> (stable)</TD></TR>
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<TD VALIGN="top">Size:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">$300mm</TD></TR>
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<TD VALIGN="top">Tenor:</TD>
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<TD VALIGN="top">5yr Fixed</TD></TR>
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<TD VALIGN="top">Maturity Date:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">June&nbsp;16, 2030</TD></TR>
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<TD VALIGN="top">IPTs:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">T+[&#8195;] bps area</TD></TR>
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<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
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<TD VALIGN="top">Settlement<B>**</B>:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">T+3 (June 16, 2025)</TD></TR>
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<TD HEIGHT="8"></TD>
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<TD VALIGN="top">Optional Redemption:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Make Whole Call</TD></TR>
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<TD VALIGN="top">Par Call:</TD>
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<TD VALIGN="top">1 month prior to maturity</TD></TR>
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<TD VALIGN="top">Change of Control:</TD>
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<TD VALIGN="top">Yes, at 100%</TD></TR>
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<TD VALIGN="top">Active Bookrunners:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">GS (B&amp;D), SMBC</TD></TR>
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<TD VALIGN="top">Use of Proceeds:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">To repay outstanding secured indebtedness under existing financing arrangements</TD></TR>
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<TD VALIGN="top">Denominations:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">$2,000 x $1,000</TD></TR>
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<TD VALIGN="top">Marketing:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Direct Link:</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>www.netroadshow.com/nrs/home/#!/?show=6d227695</U></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><U>www.netroadshow.com</U> | Entry Code: HTGC2025</P></TD></TR>
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<TD VALIGN="top">CUSIP:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">427096 AN2</TD></TR>
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<TD VALIGN="top">ISIN:</TD>
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<TD VALIGN="top">US427096AN29</TD></TR>
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<TD VALIGN="top">Timing:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Today&#146;s Business</TD></TR>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><I>*</I></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><I>A rating is not a recommendation to buy, sell or hold securities and may be subject to revision or
withdrawal at any time</I><B><I>.</I></B><I> </I></P></TD></TR></TABLE>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><I>**</I></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><I>Note: Under Rule <FONT STYLE="white-space:nowrap">15c6-1</FONT> promulgated under the Securities Exchange
Act of 1934, as amended, trades in the secondary market are required to settle in one business day, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade these notes prior to the business day
before the delivery of these notes will be required, by virtue of the fact that these notes initially settle in T+3, to specify an alternative arrangement at the time of any such trade to prevent a failed settlement and should consult their own
advisors. </I></P></TD></TR></TABLE>
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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>The issuer has filed a shelf registration statement (including a prospectus) and a preliminary prospectus
supplement with the Securities and Exchange Commission (</I><B><I>&#147;</I></B><I>SEC</I><B><I>&#148;</I></B><I>) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration
statement, the preliminary prospectus supplement and other documents incorporated by reference that the issuer has filed with the SEC for more complete information about the issuer and this offering. You may obtain these documents for free by
visiting EDGAR on the SEC Web site at <U>www.sec.gov</U>. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus and the prospectus supplement if you request them by calling
Goldman Sachs&nbsp;&amp; Co. LLC at <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">1-866-471-2526</FONT></FONT></FONT> or SMBC Nikko Securities America, Inc. at <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">1-212-224-5135.</FONT></FONT></FONT> </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Any disclaimer or other notice that may appear
below is not applicable to this communication and should be disregarded (other than any statement relating to the identity of the legal entity authorizing or sending this communication in a <FONT STYLE="white-space:nowrap">non-US</FONT>
jurisdiction). Such disclaimer or notice was automatically generated as a result of this communication being sent by Bloomberg or another email system. </I></P>
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