Hercules Capital, a specialty finance provider to innovative venture, growth and established stage companies, upsized and renewed its existing $400 million credit facility with MUFG Bank, with an upsized credit facility under which Goldman Sachs Bank USA, Autobahn Funding Company, City National Bank, Umpqua Bank, Valley National Bank, Citizens Bank, Zions Bancorporation (dba California Bank & Trust) and Mitsubishi HC Capital America, together with MUFG, have committed a total of $440 million in credit capacity subject to borrowing base, leverage and other restrictions. The upsized and renewed credit facility continues to include an uncommitted accordion feature expandable up to $600 million. The renewed credit facility matures in June 2029.
“The renewal and increase of our credit facility with MUFG will further support the growth of our business and allow us to take advantage of our current and future market opportunities,” Seth Meyer, chief financial officer of Hercules, said. “We welcome the new lenders to the group and thank our existing bank partners for their support of our industry-leading franchise and look forward to continuing our long-term relationship.”
