Horizon Technology Finance Enhances Capital Resources And Increases Capacity Via New $100M Credit Facility
Portfolio Pulse from Benzinga Newsdesk
Horizon Technology Finance Corporation (NASDAQ:HRZN) has secured a new $100 million senior secured credit facility through its subsidiary, Horizon Funding II, LLC. This facility, led by a large U.S. insurance company, can be increased to $200 million. Horizon plans to use this facility to leverage existing investments and deploy additional capital for new investments.
June 24, 2024 | 8:22 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Horizon Technology Finance Corporation has secured a new $100 million senior secured credit facility, which can be increased to $200 million. This will allow Horizon to leverage its existing investments and deploy additional capital for new investments.
The new credit facility enhances Horizon's capital resources, allowing it to leverage existing investments and deploy additional capital for new investments. This is likely to positively impact HRZN's stock price in the short term as it increases the company's financial flexibility and growth potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100