Horizon Technology Finance Provides Q3 2024 Update; Originates $93.1M In New Loans, Ends Quarter With $189.9M Committed Backlog, And Receives $37.5M In Principal Prepayments; Closes $172.9M In New Loan Commitments And Expects $35M In Additional Opportunities Pending Final Approval
Portfolio Pulse from Benzinga Newsdesk
Horizon Technology Finance reported its Q3 2024 update, originating $93.1M in new loans and ending the quarter with a $189.9M committed backlog. The company received $37.5M in principal prepayments and closed $172.9M in new loan commitments, with $35M in additional opportunities pending approval.
October 09, 2024 | 8:17 pm
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Horizon Technology Finance originated $93.1M in new loans and closed $172.9M in new commitments in Q3 2024, indicating strong business activity. The company also has a $189.9M committed backlog and $35M in pending opportunities, suggesting potential future growth.
The significant amount of new loans and commitments indicates robust business activity for HRZN. The large backlog and pending opportunities suggest potential for continued growth, likely positively impacting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100