Horizon Technology Finance Completes $158MM Securitization

Horizon Funding Trust 2022-1, a newly-formed, wholly-owned subsidiary of Horizon Technology Finance, issued $100 million of notes, which were rated ‘A’ by a rating agency and which are backed by $158 million of secured loans originated by Horizon.

KeyBanc Capital Markets served as sole placement agent and initial purchaser of the notes and Horizon is the sponsor, seller and servicer for the transaction. The notes bear interest at a fixed interest rate of 7.56% per annum and have a stated maturity date of Nov. 15, 2030.

“We are pleased to successfully complete this transaction, which increases our overall capacity to originate new venture debt loans and positions us to further grow our portfolio,” Daniel R. Trolio, executive senior vice president and CFO of Horizon Technology Finance, said. “With this new financing, we believe we are now in an even better position to deliver long-term value to our shareholders.”

The notes have not been, and will not be, registered under the Securities Act of 1933, as amended, or any state securities laws.

Like this story? Begin each business day with news you need to know! Register now for FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
Susie Angelucci
Advertising: 484.459.3016

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.