HRZN - Horizon Technology Q3 committed backlog hits record as venture debt demand stays strong

• Horizon Technology Finance ( NASDAQ: HRZN ) said Wednesday that its lending platform's committed backlog reached a record $309M of debt investments in Q3, as venture debt demand stays robust despite a challenging macroeconomic backdrop.
• The business development company saw $105.5M of loans funded through the Horizon Platform, which is owned by HRZN's investment manager, Horizon Technology Finance Management LLC.
• As of September 30, the BDC held a portfolio of warrant and equity positions in 93 portfolio companies, including 77 privately held firms.
• It experienced liquidity events from five portfolio companies in Q3, including principal prepayments of $22.0M, down from $56.8M in Q2.
• Furthermore, HRZN closed new loan commitments totaling $156.0M to eight companies, compared with $203.4M to 10 companies in the second quarter.
• Earlier this week, (Oct. 11) Horizon Technology Finance provides $30M of growth capital to Kodiak Robotics .

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