Evelo Biosciences, a clinical stage biotechnology company, entered into a senior secured loan agreement with Horizon Technology Finance Corporation. The $45 million term loan replaces the company’s existing senior secured debt.
Horizon Technology Finance led a $10 million venture loan for RepTrak Holdings. Horizon Technology Finance funded $5 million of the loan and a private investment vehicle managed by Horizon Technology Finance Management, Horizon Technology Finance’s advisor, funded $5 million.
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 Technology Finance provided an $8 million venture loan facility to food technology company Clara Foods. Of the total loan, $5 million was initially funded.
Horizon Credit II has amended its syndicated revolving credit facility with a lender group led by KeyBank. The amendment increases the size of the facility to $70 million by adding a $20 million commitment from AloStar Bank of Commerce.
Anacor Pharmaceuticals announced that it has entered into a loan agreement with Hercules Technology Growth Capital for up to $45 million in new capital to be distributed in three tranches.
Horizon Technology Finance closed a $3 million venture loan facility with Razorsight Corporation, a provider of cloud-based financial assurance and predictive analytics solutions for communications service providers.