Horizon Technology Finance Corporation
NNASDAQ:HRZNCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Michael P. Balkin
- Full Time Employees
- - -
- Sector
- Miscellaneous
- Industry
- Investment trusts
- Address
- 312 Farmington Avenue Farmington CT United States 06032
- IPO Date
- Oct 28, 2010
- CIK
- 0001487428
- Website
- horizontechfinance.com
- Similar Companies
- Business
- Horizon Technology Finance Corporation (NASDAQ: HRZN) is a specialty finance company and business development company that provides secured venture loans and growth capital primarily to venture capital- and private equity-backed companies in the technology, life sciences, healthcare information and services, and sustainability sectors; its core offerings include senior secured debt investments with floating interest rates, customized term loans typically maturing in 3-5 years, equipment financing, and equity warrants for potential capital appreciation, with loan sizes ranging from $5 million to $50 million and interest rates generally between 10.5% and 14.5%. Founded in 2006 and headquartered in Stamford, Connecticut, the company operates principally in the United States, targeting development-stage and growth companies including publicly traded small-cap firms, with a portfolio focused on innovative enterprises in high-growth industries. Horizon generates current income from interest on its debt investments, which as of late 2024 yielded approximately 15.9% annualized on debt securities, supplemented by prepayment fees and warrant exercises. In a major strategic development announced during its second quarter 2025 earnings, Horizon entered into a definitive merger agreement with Monroe Capital Corporation (NASDAQ: MRCC) to create a larger venture debt and growth capital platform; the NAV-for-NAV transaction, supported by a partnership with Wendel Group, aims to enhance scale, reduce general and administrative costs, add $165 million in incremental equity capital, diversify the portfolio across over 587 companies, and expand lending capacity particularly to small-cap public companies. Recent operational highlights include originating over $100 million in new loans in the first quarter of 2025 and $59.7 million in the second quarter despite macroeconomic challenges, alongside $79.8 million in loan payoffs generating accelerated income, growing its committed backlog to $235.5 million by early 2025, and increasing its debt facility to $100 million, positioning the firm for continued portfolio expansion to approximately $774 million as of September 2024 with a net asset value per share of $9.71.
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