Daily News: April 28, 2016

KeyBank, MUFG Upsize Horizon Technology Finance Facility to $95MM


Horizon Technology Finance increased its syndicated revolving credit facility to $95 million, led by KeyBank.

MUFG Union Bank, a new lender, committed $25 million. The facility has an accordion feature, which allows for an increase in the total loan commitment to $150 million.

“We are pleased to add Union Bank to our credit facility which further enhances our borrowing capacity and allows us to leverage existing investments and expand our investment portfolio by originating high-quality loans,” said Christopher M. Mathieu, senior vice president and chief financial officer.

Horizon Technology Finance is a specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and cleantech industries.