Hercules Capital increased its existing credit facilities with MUFG Bank, Ltd. ("MUFG") and Sumitomo Mitsui Banking Corporation ("SMBC") from a combined $500.0 million to $720.0 million subject to borrowing base, leverage and other restrictions, respectively. The maturity dates for each credit facility remain the same.

Hercules has increased its existing $400.0 million credit facility with MUFG to $545.0 million, under which City National Bank, Goldman Sachs Bank USA and MUFG, have each increased their credit commitment. The uncommitted accordion feature of $55.0 million, or a total of $600.0 million, remains the same.

Hercules has also increased its existing $100.0 million credit facility with SMBC to $175.0 million in credit capacity with Synovus Financial Corporation providing a new $75.0 million commitment. The uncommitted accordion feature of $325.0 million, or a total of $500.0 million, was expanded from the previous capacity of $150.0 million.

"The expansion of our credit facilities will further support the growth of our business and allow us to take advantage of our current and future market opportunities," said Seth Meyer, chief financial officer of Hercules. "We welcome Synovus and thank our existing bank partners, MUFG, SMBC, City National Bank and Goldman Sachs Bank USA for their support of our industry-leading franchise and look forward to continuing our long-term relationship."