04:40 PM EST, 12/02/2024 (MT Newswires) -- Hercules Capital ( HTGC ) said Monday it renewed and upsized its $225 million credit facility with Sumitomo Mitsui Banking.

The upsized facility now includes commitments from Synovus Bank, Customers Bank, and Apple Bank, increasing the total credit capacity to $300 million, subject to borrowing base, leverage, and other conditions.

The renewed agreement features an uncommitted accordion option, allowing expansion up to $500 million. The facility matures in November 2029 and includes a 12-month amortization period, according to the company.