Horizon Technology Finance Corporation announced that Horizon Funding Trust 2022-1, a newly-formed wholly-owned subsidiary of Horizon, has issued $100 million of Notes rated A by a rating agency and which is backed by $158 million of secured loans originated by Horizon. KeyBanc Capital Markets served as sole Placement Agent and Initial Purchaser of the Notes, and Horizon is the Sponsor, Seller and Servicer for the transaction. The Notes bear interest at a fixed interest rate of 7.56% per annum and have a stated maturity date of November 15, 2030. "We are pleased to successfully complete this transaction, which increases our overall capacity to originate new venture debt loans and positions us to further grow our portfolio," said Daniel R. Trolio, Executive Senior Vice President and Chief Financial Officer of Horizon. "With this new financing, we believe we are now in an even better position to deliver long-term value to our shareholders."
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