Horizon Funding Trust 2022-1, a newly-formed, wholly-owned subsidiary of Horizon Technology Finance, issued $100 million of notes, which were rated ‘A’ by a rating agency and which are backed by $158 million of secured loans originated by Horizon.
Horizon Secured Loan Fund I, Horizon Technology Finance’s wholly-owned subsidiary, amended its senior secured debt facility with a U.S.-based insurance company.
Horizon Technology Finance Management, a registered investment advisor that underwrites and manages secured loans, made several promotions and new hires, including elevating John C. Bombara, Daniel S. Devorsetz and Daniel R. Trolio to executive vice president roles.
Horizon Technology Finance Management entered into an agreement with Waterfall Asset Management to originate and manage a venture debt portfolio. Horizon will originate and manage an initial commitment of $100 million, with the potential to increase to $300 million over time.
Horizon Credit II, the subsidiary of specialty finance company Horizon Technology Finance, amended its syndicated revolving credit facility led by KeyBank.