Horizon Technology Finance Corporation
NASDAQ Global SelectCapital Structure
•
in mil. unless spec.Working Capital
•
in mil. unless spec.Growth Rates
•
in mil. unless spec.Quarterly Revenue
•
in mil. unless spec.Quarterly Earnings Per Share
•
in mil. unless spec.Quarterly Dividends Per Share
•
in mil. unless spec.- CEO
- Michael Phillip Balkin
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 312 Farmington Avenue Farmington CT United States of America 06032
- IPO Date
- Oct 29, 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.
Top Monthly Paying BDCs For Durable Retirement Income
Horizon Technology Finance (HRZN) Q1 2026 Earnings Call Transcript
Horizon Technology Finance (HRZN) Q1 Earnings Match Estimates
Horizon Technology Finance Announces Regular Monthly Distributions for July, August and September 2026 Totaling $0.18 per Share and Special Distributions for July, August and September 2026 Totaling $0.09 per Share
Horizon Technology Finance Announces First Quarter 2026 Financial Results
Monroe Merger Closes, but Dividend Cut Signals Deeper Trouble Ahead
Horizon Technology Finance Corporation (NASDAQ:HRZN) Given Average Rating of “Reduce” by Brokerages
Financial Survey: Kayne Anderson BDC (NYSE:KBDC) vs. Horizon Technology Finance (NASDAQ:HRZN)
My 3 Biggest Mistakes In BDC Investing
Horizon Technology Finance to Announce First Quarter 2026 Financial Results
BDC Dividend Collapse Signals What's Coming for Income Investors
BDCs That Put Their Money Where Their Mouth Is
Seth Appel Joins Roth as Head of ATM & Equity Alternatives Banking and Co-Chief Investment Officer of RoHo Capital Opportunities Fund
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Horizon Technology Finance Corporation - HRZN
Horizon Technology Finance Provides $25 Million Loan Facility to Stellar Cyber
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Horizon Technology Finance Corporation - HRZN
Horizon Technology Finance Corporation Closes Merger with Monroe Capital Corporation
30 Monthly-Paid Dividend Buys From April's Ideal Dogs
The Horizon Merger Gamble: Can Combined Scale Save a Shrinking Payout
Dare I Say It, My Top BDCs Are The Most Shorted Ones And Here's My Take