Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers
On September 23, 2021, Hercules Capital, Inc. (together with its subsidiaries,
the "Company") and Melanie Grace mutually agreed that Ms. Grace would separate
from the Company and end her tenure as General Counsel, Secretary, and Chief
Compliance Officer effective September 24, 2021. Ms. Grace's separation did not
result from any disagreements with the Company regarding its operations,
policies, practices or any issues regarding financial disclosures, accounting or
legal matters.
Item 8.01. Other Events.
On September 23, 2021, the Company notified the Trustee for the Company's 4.605%
asset-backed notes due 2027 (the "2027 Notes") and the Company's 4.703%
asset-backed notes due 2028 (the "2028 Notes" and, together with the 2027 Notes,
the "Asset-Backed Notes") of the Company's election to redeem the approximately
$115.4 million aggregate principal amount of the 2027 Notes outstanding and the
approximately $173.8 million aggregate principal amount of the 2028 Notes
outstanding, and instructed the Trustee to provide notice of such redemption to
the respective holders of the 2027 Notes and the 2028 Notes in accordance with
the terms of the respective indentures governing the 2027 Notes and the 2028
Notes. The Company expects the redemption of the Asset-Backed Notes to be
completed on October 20, 2021. Following the redemption, none of the
Asset-Backed Notes will remain outstanding. This Current Report on Form 8-K does
not constitute a notice of redemption of the Asset-Backed Notes.
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