HORIZON TECHNOLOGY FINANCE CORPORATION (NASDAQ:HRZN) Files An 8-K Entry into a Material Definitive AgreementItem 1.01
On April 6, 2018, Horizon Technology Finance Corporation (the “Company”) renewed and amended its revolving credit facility (the “Credit Facility”) with KeyBank National Association.
The amendment to the Credit Facility increases the aggregate commitments under the Credit Facility to the Company’s wholly owned subsidiary, Horizon Credit II LLC, by $5 million to $100 million. The Credit Facility contains an “accordion” feature which would allow additional commitments under the Credit Facility up to an aggregate commitment of $150 million. There can be no assurance that additional lenders will make any commitments under the Credit Facility. The amendment to the Credit Facility extends the draw period to April 6, 2021 and the maturity date to April 6, 2023.
The descriptions of the documentation related to the Credit Facility contained in this current report on Form 8-K do not purport to be complete and are qualified in their entirety by reference to the underlying agreements.
On April 10, 2018, the Company issued a press release announcing its amendment of the Credit Facility, a copy of which is attached hereto as Exhibit 99.1.
| Section 9 | Financial Statements and Exhibits |
| Item 9.01 | Financial Statements and Exhibits |
(d) Exhibit.
| 99.1 | Press release of the Company dated April 10, 2018. |
Horizon Technology Finance Corp ExhibitEX-99.1 2 tv490766_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Horizon Technology Finance Announces Renewal of Credit Facility FARMINGTON,…To view the full exhibit click here
About HORIZON TECHNOLOGY FINANCE CORPORATION (NASDAQ:HRZN)
Horizon Technology Finance Corporation is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objective is to generate current income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments. The Company operates through lending and investment segment. The Company operates as a specialty finance company. It lends to and invests in development-stage companies in the technology, life science, healthcare information and services and cleantech industries (collectively Target Industries). The Company is focused on making secured debt investments (Venture Loans) to venture capital backed companies in its Target Industries. It also provides Venture Loans to publicly traded companies in its Target Industries. Its debt investment portfolio consists of approximately 50 debt investments. Horizon Technology Finance Management LLC is the investment advisor of the Company. HORIZON TECHNOLOGY FINANCE CORPORATION (NASDAQ:HRZN) Recent Trading Information
HORIZON TECHNOLOGY FINANCE CORPORATION (NASDAQ:HRZN) closed its last trading session down -0.01 at 10.52 with shares trading hands.
