Key Developments: Horizon Technology Finance Corp (HRZN.O)
14.36USD
17 May 2013
$-0.03 (-0.21%)
$14.39
$14.43
$14.54
$14.26
41,191
81,858
$18.17
$13.25
Latest Key Developments (Source: Significant Developments)
Horizon Technology Finance Corp Announces Monthly Dividends For July, August And September 2013
Horizon Technology Finance Corp announced that Board of Directors declared monthly dividends of $0.115 per share for each of July, August and September 2013. These monthly dividends, which will be payable in the third quarter of 2013 will be $0.345 per share. Including the monthly dividends declared in the second quarter of 2013, Horizon has declared $4.24 per share in cumulative dividends since its October 2010 initial public offering. Full Article
Horizon Technology Finance Corp Monthly Dividends for January, February and March 2013
Horizon Technology Finance Corp announced that its Board of Directors declared monthly dividends of $0.115 per share for each of January, February and March 2013. These monthly dividends, which will be payable January 15, 2013, February 15, 2012, march 15, 2012, and record date December 20, 2012, January 18, 2013, February 21, 2013. total $0.345 per share for the first quarter of 2013. Including the monthly dividends declared for the first quarter of 2013, Horizon will have declared $3.545 per share in cumulative dividends since its October 2010 initial public offering. Full Article
Horizon Technology Finance Corp Declares Third Quarter Dividend
Horizon Technology Finance Corp announced that the Board of Directors have declared a third quarter dividend of $0.45 per share, payable on November 30, 2012 to stockholders of record on November 16, 2012. Full Article
Horizon Technology Finance Corp's Horizon Credit III LLC Closes $75 Million Term Loan Facility With Fortress Credit
Horizon Technology Finance Corp announced that its wholly owned subsidiary, Horizon Credit III LLC, has closed a new term loan credit facility of $75 million with Fortress Credit Co LLC, an affiliate of Fortress Investment Group LLC (Fortress Credit). The Company received an initial advance of $10 million at closing. Horizon intends to use the credit facility to leverage its existing investments, as well as deploy additional capital for new investments. The credit facility has a three-year term subject to two one-year extensions with a draw period of up to four years. Amounts borrowed will bear interest at LIBOR plus 6.0%, with a LIBOR floor of 1%. The effective loan advance rate is 66% of eligible loans. The new credit facility with Fortress Credit complements the Company's existing credit facilities with Wells Fargo Capital Finance, LLC and WestLB, AG, both of which continue to provide leverage to the Company. Full Article
Horizon Technology Finance Corp Declares Second Quarter 2012 Dividend
Horizon Technology Finance Corp announced that the Board of Directors declared a second quarter dividend of $0.45 per share, payable on August 31, 2012 to stockholders of record on August 17, 2012. Full Article
Horizon Technology Finance Corp Announces Completion of Public Offering of Common Stock
Horizon Technology Finance Corp announced that it has completed a public offering of 1,909,000 shares of its common stock (including 249,000 shares of common stock that were issued pursuant to the underwriters' option to purchase additional shares) at a public offering price of $16.20 per share for total gross proceeds of approximately $30.9 million. Wells Fargo Securities, LLC and Stifel, Nicolaus & Company, Incorporated acted as joint book-running managers for the offering. BB&T Capital Markets, Sterne, Agee & Leach, Inc., JMP Securities LLC and Gilford Securities Incorporated acted as co-managers. The Company intends to initially use the net proceeds of this offering to repay outstanding debt borrowed under its revolving credit facility with Wells Fargo Capital Finance, LLC and then, through re-borrowing under the facility, invest the net proceeds of this public offering in portfolio companies in accordance with its investment objective and strategies, and for working capital and general corporate purposes. Full Article
Horizon Technology Finance Corp Commences Public Offering Of Common Stock
Horizon Technology Finance Corp announced that it has commenced a public offering of 1,660,000 shares of its common stock. The Company intends to grant the underwriters for the offering an option to purchase up to an additional 249,000 shares of common stock. The Company's common stock trades on the NASDAQ Global Select Market under the symbol HRZN. Wells Fargo Securities, LLC and Stifel, Nicolaus & Company, Incorporated are acting as joint book-running managers for the offering. BB&T Capital Markets, a division of Scott & Stringfellow, LLC, Sterne, Agee & Leach, Inc., JMP Securities LLC, and Gilford Securities Incorporated are acting as co-managers. The Company intends to initially use the net proceeds of this offering to repay outstanding debt borrowed under its revolving credit facility with Wells Fargo Capital Finance, LLC and then, through re-borrowing under the facility, invest the net proceeds of this public offering in portfolio companies in accordance with its investment objective and strategies, and for working capital and general corporate purposes. Full Article
Horizon Technology Finance Corp Declares First Quarterly Dividend
Horizon Technology Finance Corp announced that its Board of Directors declared a first quarter dividend of $0.45 per share, payable on May 31, 2012 to stockholders of record on May 17, 2012. Full Article
Horizon Technology Finance Corp Closes Over-Allotment Option in Connection With Public Offering of 7.375% Senior Unsecured Notes Due 2019
Horizon Technology Finance Corp announced that in connection with the public offering of $30.0 million in aggregate principal amount of 7.375% senior unsecured notes due 2019, which closed on March 23, 2012, the underwriters have exercised their option to purchase an additional $3.0 million in aggregate principal amount of notes to cover over-allotments, bringing the total size of the offering to $33.0 million. The Company intends to invest the net proceeds of this public offering for investment in portfolio companies in accordance with its investment objective and strategies, and for working capital and general corporate purposes. Stifel, Nicolaus & Company, Incorporated acted as sole book-running manager of this offering. BB&T Capital Markets, a division of Scott & Stringfellow, LLC, and Sterne, Agee & Leach, Inc. served as co-lead managers and Wunderlich Securities, Inc. acted as co-manager for this offering. Full Article
Horizon Technology Finance Corp Closes $15 Million Venture Loan to Radisphere
Horizon Technology Finance Corp announced that it has closed a $15 million Venture Loan to Radisphere, the only radiology provider offering accessibility and accountability to community hospitals. Under the terms of the Venture Loan, Radisphere received $12 million upon closing, with the remaining $3 million available upon achieving certain milestones. The funds will be used for the repayment of debt and to support the company's continued growth. Full Article
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