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Borrower record · Q2 2026

Tipalti Solutions

As filed by Hercules Capital, Inc. · period end 30 June 2026No sector — one filer, nothing to corroborate

Hercules Capital, Inc. is the only BDC lending to Tipalti Solutions: $115.0m across four positions at Q2 2026, marked at 98.3 cents. Two of the four positions pay interest in kind, the largest at 230bp.

Filed fair value
$115.0m
4 funded positions
Aggregate mark
98.3c
cost filed on all 4 positions
Maturities to
2029
one date, 1 April 2029
Periods on record
5
Q2 2025 → Q2 2026

How this total is counted

Pricing as filed

2 floating tranches · Prime

45bp on all 2 floating tranches — every filer reports the same spread.

Capital structure

First-Lien Senior Secured2 positions
$114.7m
99.8%
Equity/Other2 positions
$231k
0.2%

All 4 funded positions carry a filed seniority.

Rate structure

Floating, on all 2 positions whose interest type a filer disclosed.

2 of 4 funded positions carry no filed interest type.

Maturity profile

2 of 4 funded positions dated
2029
$114.7m

2.8 years to maturity, weighted by fair value across the 2 dated positions.

Filed over time

5 periods · aggregate only

Filed fair value

$117.3m
Q2 2025
$113.8m
Q3 2025
$113.5m
Q4 2025
$113.6m
Q1 2026
$115.0m
Q2 2026

Aggregate marknot to zero

99.9c
Q2 2025
99.4c
Q3 2025
98.4c
Q4 2025
97.8c
Q1 2026
98.3c
Q2 2026

Q2 2025, Q3 2025, Q4 2025, Q1 2026, Q2 2026 — every filer reporting the borrower at each period, aggregated. No lender is separated out at any period.

Credit flags

Pays in kind2 positions at 1 lender carry a PIK component, the largest filed at 230bp, $114.7m of fair value.

Not in the filings

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Tell me when this changes.

One lender reports Tipalti Solutions today. We will email you when a second one does, when Hercules Capital, Inc.'s mark moves, or when the position leaves the schedule.

Every filing behind this page

1 filer · Q2 2026
FilerCIKFormPeriodFiledAccession
Hercules Capital, Inc. (HTGC)000128078410-Q2026-06-302026-07-300001280784-26-000042

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