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.