On January 14, 2022, Hercules Capital, Inc. entered into an underwriting agreement by and among the company and Goldman Sachs & Co. LLC, RBC Capital Markets, LLC, and SMBC Nikko Securities America, Inc., as representatives of the several underwriters named in Schedule A thereto, in connection with the issuance and sale of $350.0 million aggregate principal amount of the company's 3.375% Notes due 2027. The closing of the Offering is expected to occur on January 20, 2022, subject to customary closing conditions.