HRZN - Horizon Technology Finance expands credit facility's capacity to $250M

2023-05-24 16:49:28 ET

• Horizon Technology Finance ( NASDAQ: HRZN ) said Wednesday its unit Horizon Secured Loan Fund I amended its senior secured debt facility with a large insurance company.
• The commitment to the unit has increased by $50M, allowing HSLF to issue up to $250M of secured notes, of which $177M is currently outstanding.
• The amendment also extends the investment period to June 2024 and changes the pricing structure for future borrowings to the three-year I-curve rate plus 3.50%, among other things.
• The facility is collateralized by HSLF's assets, consisting of cash and debt investments.
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