Hercules Capital increased its credit facility with MUFG Union Bank. MUFG committed an additional $25 million under a $125 million accordion feature, for a total of $100 million in credit capacity (subject to borrowing base, leverage and other restrictions).
Borrowings under the facility maintain the current interest rate of LIBOR (with a floor of 0%) plus 3.25% and a maturity date of May 2020, with a 12-month amortization period. The advance rate of 50% against eligible loans remains the same.
