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Get filing alertsViridian eliminates all debt with $55.1M prepayment to Hercules Capital
Filed May 28, 2026 · Period ending May 27, 2026 · ~1 min read
Key Changes
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Viridian paid $55.1M on May 27 to fully terminate its Hercules Capital loan facility, eliminating all debt obligations, covenants, and future interest payments. The company is now debt-free.
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The terminated loan carried a high interest rate of 8.95-9.45% annually on $50M borrowed from a $300M facility, representing significant financing costs now avoided.
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The prepayment eliminates interest-only payments through 2029-2030 and subsequent principal payments until the October 2030 maturity date, improving cash flow predictability.
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Source-verified from EDGAR · Narrative written by AI · May 28, 2026 · How we verify