HRZN - Horizon Technology Finance posts record committed backlog of $143.5M in Q2

ridvan_celik/E+ via Getty ImagesDuring Q2, Horizon Technology Finance (HRZN) reports a total of $99.3M of loans funded through the Horizon Technology Finance Management platform, including nine loans totaling $67.3M funded by Horizon.Horizon experienced liquidity events from five portfolio companies in Q2, including principal prepayments of $38.1M and receipt of warrant and equity proceeds totaling $2.8M, compared with $17.2M of principal prepayments and $0.8M of warrant proceeds during Q1.It received regularly scheduled principal payments on investments totaling $3M, compared with $4.7M during Q1.It also closed new loan commitments totaling $96.8M to eight companies vs. $48.5M to six companies in Q1.Horizon's unfunded loan approvals and commitments, all priced at floating interest rates, were $143.5M to 21 companies vs. a committed backlog of $94M to 18 companies as of March 31, 2021.As of June 30, Horizon holds a portfolio of warrant and equity positions in 72 companies, including 61 private companies.HTFM signed term sheets

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Horizon Technology Finance posts record committed backlog of $143.5M in Q2