HRZN - Horizon Technology Finance platform originated $192M of loans in Q2

Horizon Technology Finance ( NASDAQ: HRZN ) said Wednesday $192M of loans originated through its Horizon Platform in Q2 2022, including $137M of loans for the the company. That increased from $132M of new loans for the platform in Q1, including $73M of new loans for HRZN.

Horizon Technology ( HRZN ) shares are rising 0.8% in Wednesday after-hours trading.

The company had liquidity events from four portfolio companies in Q2 2022, including prepayments of $56.8M and a $0.4M of warrant and earnout proceeds, compared with $12.0M of principal prepayments in Q1 2022.

During Q2 Horizon Technology Finance ( HRZN ) received regularly scheduled principal payments on investments totaling $4.0M vs. $1.9M in Q1.

New loan commitments totaling $203.4M to 10 compares in Q2 compared with $100.4M to 11 companies in Q1. Horizon Technology Finance Management's ("HTFM") other managed funds closed new loan commitments totaling $80.0M of unfunded loan approvals and commitments during Q2 2022.

As of June 30, 2022, HRZN's unfunded loan approvals and commitments were $220.5M to 23 companies vs. $150.8M to 20 companies as of March 31, 2022.

During the quarter, HTFM received signed term sheets that are in the approval process, which may result in the Horizon Platform providing up to an aggregate of $165.0M of new debt investments.

In June, Horizon Technology Finance ( HRZN ) raised $50M through a notes offering and in May, $34M through a stock offering.

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