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
    • ABF Journal Pulse
    • Resolving MCA Distress
    • Resolving Business Distress
  • Recruiting
    • Molloy Associates Senior Asset Based Lending Originator Location: Remote
  • Events
  • Advertise
  • Contact Us
  • News
    • People
    • Economy
    • All News
  • Deals
  • Magazine
    • Magazine Issues
    • Nominations
  • Features
    • ABF Journal Pulse
    • Resolving MCA Distress
    • Resolving Business Distress
  • Recruiting
    • Molloy Associates Senior Asset Based Lending Originator Location: Remote
  • 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

Deal Announcements

WhiteHawk Capital Partners Leads $560MM Financing to Support Bally’s Bronx Development

October 9, 2026
Deal Announcements

Assembled Brands Powers Viral Gut Health Brand BelliWelli’s Next Wave of Growth

October 9, 2026
Deal Announcements

B. Riley Securities Advises ChronoScale on the Sale of Ekso Bionics to Wandercraft

October 9, 2026
Advanced Power Closes $100M Corporate Credit Facility
Deal Announcements

Silver Point Leads $650MM Financing Supporting the Acquisition of C&D Trojan by Stryten Energy

October 8, 2026
Deal Announcements

CG Debt Capital Markets Closes $18MM Senior Secured Credit Facilities

October 8, 2026
Deal Announcements

W&T Offshore Completes Conversion of Revolving Credit Facility

October 8, 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 *

Private Credit Writes Investment-Grade Paper: The $36 Billion Chip Lease and the Convergence Trade

The AI Risk Hiding Behind Healthy SaaS Metrics

October 2, 2026

When the Tariff Bill Lands in the Borrowing Base: ABL Mechanics Under Import-Cost Inflation

September 24, 2026

Why the Right Buyer Isn’t Always the Highest Bidder

September 11, 2026

AI Can Flag the Exception. Only an Examiner Can Explain It.

October 8, 2026

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
    • ABF Journal Pulse
    • Resolving MCA Distress
    • Resolving Business Distress
  • Magazine
    • Magazine Issues
    • Nominations
  • Molloy Associates
    • Molloy Associates Senior Asset Based Lending Originator Location: Remote
  • Events
  • Advertise
  • Contact Us
Provider Directory >>

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