Secured Research | Equipment Finance Originator | Monitor | Monitor Suite | Converge | STRIPES Leadership
No Result
View All Result
ABF Journal
Forward for Specialty Finance
SUBSCRIBE
Lender & Services Directory
  • News
    • People
    • Economy
    • All News
  • Deals
  • Magazine
    • Magazine Issues
    • Nominations
  • Features
  • Recruiting
  • Events
  • Advertise
  • Contact Us
  • News
    • People
    • Economy
    • All News
  • Deals
  • Magazine
    • Magazine Issues
    • Nominations
  • Features
  • Recruiting
  • Events
  • Advertise
  • Contact Us
No Result
View All Result
ABF Journal
No Result
View All Result
Home Deal Announcements

SMBC Increases Hercules Capital’s Letter of Credit Facility to $175MM

byPhil Neuffer
March 23, 2023
in Deal Announcements

Hercules Capital increased its committed letter of credit facility with Sumitomo Mitsui Banking Corporation by $75 million for a total of $175 million in credit capacity, subject to borrowing base, leverage and other restrictions. The increased credit facility also includes an uncommitted accordion feature of up to $400 million in total facility size.

“With the increase to our letter of credit facility with SMBC, we continue to expand and enhance our ability to provide flexible and expedient financing solutions to our current and prospective growth and late-stage venture portfolio companies,” Seth Meyer, CFO of Hercules Capital, said. “We want to thank SMBC for their continued support in helping us strengthen our industry-leading franchise.”

Previous Post

Axiom Commercial Finance Adds Cisse as Senior Account Executive for Factoring Team

Next Post

Federal Reserve Boosts Rates, Expects Banking Turbulence to Weigh on Inflation

Related Posts

Advanced Power Closes $100M Corporate Credit Facility
Deal Announcements

Fervo Energy Secures $421MM in Non-Recourse Project Financing for Cape Station

March 23, 2026
Deal Announcements

Assembled Brands Partners with Swag Golf to Fuel Global Omnichannel Expansion

March 23, 2026
Deal Announcements

CB&I Upsizes Credit Facility to $400MM with Bank Syndicate

March 23, 2026
Advanced Power Closes $100M Corporate Credit Facility
Deal Announcements

Chicago Atlantic Agents Senior Secured Facility to Support Acquisition of Lionel by Round 2

March 20, 2026
Deal Announcements

Versant Funds $5MM Non-Recourse Factoring Facility to Service Provider

March 20, 2026
Deal Announcements

SouthStar Capital Provides $500K A/R Financing Facility for Low-Voltage Services Provider

March 20, 2026
Next Post

Federal Reserve Boosts Rates, Expects Banking Turbulence to Weigh on Inflation

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Machine Intelligence Meets Middle Market Lending: The Quiet Transformation of Credit Underwriting

Eve Melvan | 2025 Trailblazer
byLisa Rafter
March 13, 2026
ShareTweetSend

About Us

For over 50 years, RAM Holdings’ brands have led the commercial finance industry in publishing, talent development, research and events. ABF Journal’s audience is comprised of as many as 18,000 specialty finance industry executives, private equity investors, investment bankers, advisors, service providers and more.

Our Brands

  • Secured Research
  • Equipment Finance Originator
  • Monitor
  • Monitor Suite
  • Converge
  • STRIPES Leadership

 

Learn More

  • Advertise
  • Magazine
  • Contact Us

Newsletter

Driving specialty finance forward for decades with insights, recognition and deals. Sign up now.

SUBSCRIBE >>

© 2025 RAM Group Holdings - A Leading Commercial Finance Publishing Group For Over 50 Years

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • News
    • People
    • Economy
    • All News
  • Deals
  • Features
  • Magazine
    • Magazine Issues
    • Nominations
  • Events
  • Advertise
  • Contact Us
Provider Directory >>

© 2025 RAM Group Holdings - A Leading Commercial Finance Publishing Group For Over 50 Years