Hercules Capital, Inc. (HTGC) on 9-19-18 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 Company’s 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.

 

Context - other BDC bonds sales:

On 9/06/18 Monroe Capital priced $60.0 million in 5.75% notes due 2023.

On 8/16/18 New Mountain Finance Corp offered $100.0 million in aggregate principal amount of its 5.75% unsecured convertible notes due 2023.

On 8/15/18 Gladstone Investment Corp offered 2,600,000 shares of its newly designated 6.375% Series E Cumulative Term Preferred Stock due 2025 sold as GAINL.

On 7/05/18 New Mountain Finance Corp issued a private placement of $50.0 million of 5.36% Series 2018B Notes due June 28, 2023 .

On 7/17/18 Whitehorse announced a private offering of $30.0 million aggregate principal amount of its 6.00% Senior Notes due 2023.

On 6/28/18 CM Finance Inc priced a registered public offering of $30,000,000 of its 6.125% notes due 2023 - traded as CMFNL.

On 6/27/18 Goldman Sachs BDC announced a reopening of an offering of $32.5 million aggregate principal amount of its 4.50% convertible notes due 2022.

On 5/31/18 Prospect Capital Corporation announced a public offering of $50 million in 6.25% unsecured notes due 2028.

On 4/24/18 Hercules Capital closed a registered public offering of $75 million aggregate principal amount of its 5.25% notes due 2028.

On 2/02/18 Fidus Investment Corporation closed a registered public offering of $43.5 million aggregate principal amount of its 5.875% notes due 2023 - which trade as FDUSL.

On 1/18/18 TSLX announced that it has priced an offering of $150.0 million of 4.50% Notes due 2023.

On 11/22/17 PennantPark Floating Rate Capital Ltd. announced that it has priced an institutional offering in Israel of $138.7 million of its 3.83% Series A Notes.

On 11/16/17 Main Street Capital Corporation announced that it has priced an underwritten public offering of $185.0 million in aggregate principal amount of 4.50% notes due 2022.

On 11/13/2017 Solar Capital priced $75 million of a 4.50% bond that matures on 01/20/2023.
On 8/07/17 Ares Capital announced that it has priced an underwritten public offering of $750.0 million in aggregate principal amount of 3.500% notes due 2023.
On 7/17/17 BlackRock Capital Investment Corporation announced the pricing of $125 million in aggregate principal amount of senior unsecured 5.00% Convertible Notes due 2022.
On 4/06/17 Prospect Capital Corporation announced the pricing of $225 million in aggregate principal amount of senior unsecured 4.95% Convertible Notes Due 2022.
On 1/26/17 TPG Specialty Lending announced that it has agreed to sell to initial purchasers in a private offering $100 million aggregate principal amount of its 4.50% Convertible Senior Notes due 2022.
On 1/24/17 Ares Capital Corporation announced that it has agreed to sell to initial purchasers in a private offering $350 million aggregate principal amount of its 3.75% Convertible Notes due 2022.