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 Technology Finance, 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 sustainability industries, priced its loan securitization.
Horizon Technology Finance provided a $17 million venture loan facility to Robin Healthcare, of which $7 million has been initially funded.
Horizon Technology Finance provided $30 million to Kodiak Robotics in the form of a growth capital credit facility.
PDS Biotechnology entered into a debt financing agreement led by Horizon Technology Finance to provide up to a $35 million term loan.
Horizon Technology Finance and Trinity Capital provided an additional $20 million venture loan to Nexii Building Solutions, a green construction company that designs and manufactures low carbon buildings and products.
Horizon Technology Finance closed a $45 million venture loan facility for Swift Health Systems (InBrace), of which Horizon funded $7 million of the initial $10 million draw and a private investment vehicle, managed by Horizon’s advisor, funded $3 million.
Horizon Technology Finance closed a $15 million venture loan facility for MyForest Foods, of which Horizon funded $7.5 million, and a private investment vehicle managed by Horizon Technology Finance Management, Horizon’s advisor, funded $7.5 million.
Horizon Technology Finance closed a $15 million venture loan facility for Secure Transfusion Services. Horizon funded $5 million of the initial $10 million draw.
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.