FARMINGTON, Conn., March 9, 2022 /PRNewswire/ — Horizon Technological know-how Finance Corporation (Nasdaq: HRZN) (the “Enterprise” or “Horizon”) declared right now a proposed underwritten most important providing of 2,500,000 shares of its common inventory. In connection with the proposed featuring, the Business intends to grant the underwriters for the featuring a 30-day alternative to order up to an further 375,000 shares of the Company’s prevalent stock.
The joint-guide e-book-managing supervisors for the presenting are Morgan Stanley & Co. LLC and UBS Securities LLC, and the joint book-managing supervisor is Oppenheimer & Co. LLC.
The Corporation intends to use the web proceeds of this giving to repay its excellent debt borrowed below its revolving credit score facility delivered by KeyBank National Affiliation (the “Essential Facility”). Even so, via re-borrowing of the preliminary repayments less than its Crucial Facility, the Business intends to use the internet proceeds from this featuring to make investments in accordance with its investment decision aim and strategies explained in the prospectus nutritional supplement and the accompanying prospectus, to spend the Firm’s working expenditures and other dollars obligations, and for normal corporate reasons.
Traders are suggested to meticulously look at the financial investment goal, hazards, fees and expenses of the Business in advance of investing. The preliminary prospectus dietary supplement dated March 9, 2022 and the accompanying base prospectus dated July 21, 2021 contains this and other data about the Organization and ought to be read through diligently ahead of investing. The information in the preliminary prospectus dietary supplement, the accompanying prospectus and this push release is not complete and might be improved.
The offering may perhaps be made only by implies of a preliminary prospectus health supplement and an accompanying prospectus, copies of which may well be acquired from (1) Morgan Stanley Co. LLC, Attn: Prospectus Division, 180 Varick Street, 2nd Floor, New York, NY 10014, or (2) UBS Securities LLC, Attention: Prospectus Office, 1285 Avenue of the Americas, New York, New York 10019, Phone: 888-827-7275, or by email at [email protected].
This press release does not represent an offer to provide or the solicitation of an offer you to buy the securities in this featuring or any other securities nor will there be any sale of these securities or any other securities referred to in this push release in any condition or jurisdiction in which these kinds of give, solicitation or sale would be unlawful prior to the registration or qualification under the securities legislation of this sort of point out or jurisdiction.
About Horizon Technology Finance
Horizon Technological know-how Finance Company (NASDAQ: HRZN) is a leading specialty finance organization that offers cash in the type of secured loans to undertaking capital backed corporations in the technological know-how, life science, healthcare information and expert services, and sustainability industries. The investment objective of Horizon is to optimize its expenditure portfolio’s return by making recent cash flow from the credit card debt investments it would make and cash appreciation from the warrants it receives when producing these types of personal debt investments. Headquartered in Farmington, Connecticut, Horizon also has regional places of work in Pleasanton, California, and expense pros located in Portland, Maine, Austin, Texas and Reston, Virginia.
Forward-Hunting Statements
Statements provided herein may constitute “forward-hunting statements” inside of the meaning of the Non-public Securities Litigation Reform Act of 1995. Statements other than statements of historic info provided in this press release may constitute ahead-searching statements and are not guarantees of long term overall performance, situation or results and involve a selection of pitfalls and uncertainties. Genuine final results may perhaps differ materially from those people in the ahead-searching statements as a consequence of a amount of things, which include people explained from time to time in the Firm’s filings with the Securities and Trade Fee. Horizon undertakes no responsibility to update any forward-seeking assertion made herein. All forward-hunting statements talk only as of the date of this press release.
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Source Horizon Technological innovation Finance Company
