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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
SMBC, Synovus, Others Upsize Hercules Capital's Multi-Currency Credit Facility to $300MM
Tuesday, December 3, 2024
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Lenders/Participants
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Sumitomo Mitsui Banking Corporation [Lender]
Synovus Bank [Lender]
Customers Bank [Lender]
Apple Bank [Lender]
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Structure
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Multi-Currency Credit Facility
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Amount
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$300.000
Million
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Borrower(s)
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Hercules Capital
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Description
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Hercules renewed and upsized its existing $225.0 million credit facility with Sumitomo Mitsui Banking Corporation (“SMBC”) with an upsized credit facility under which Synovus Bank, Customers Bank and Apple Bank, together with SMBC, have committed a total of $300.0 million in credit capacity subject to borrowing base, leverage and other restrictions. The renewed credit facility also includes an uncommitted accordion feature expandable up to $500.0 million. The renewed credit facility matures in November 2029, including a 12-month amortization period.
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Industry
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Lender Finance
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Location
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CA
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| Related Tags |
Customers Bank, Hercules Capital, SMBC, Sumitomo Mitsui Banking Corporation
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ABL Advisor
Deal Tables
2024
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