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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Horizon Technology Finance Provides $30MM Senior Secured Term Loan to Kodiak AI
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Lenders/Participants
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Horizon Technology Finance [Lender]
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Structure
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Senior Secured Term Loan
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Amount
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$30.000
Million
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Borrower(s)
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Kodiak AI
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Description
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The venture loan and security agreement (the “Loan Agreement”) provides for a senior secured term loan facility in an aggregate principal amount of up to $30.0 million (collectively, the “Term Loans”), all of which was drawn at the closing. Borrowings under the Loan Agreement accrue interest at a rate equal to the prime rate plus 3.50% with the prime rate having a floor of 6.50%. The Term Loans are repayable in monthly interest-only payments from February 1, 2026 until July 1, 2028 (the “Interest-Only Payment Period”). After the expiration of the Interest-Only Payment Period, beginning on August 1, 2028, the Term Loans will be repayable in 18 equal monthly payments of principal and accrued interest until maturity. The Term Loans will mature on January 1, 2030 (the “Maturity Date”). At the Borrowers’ option, the Borrowers may prepay all of the outstanding Term Loans, subject to a prepayment premium equal to (a) 2.0% of the Term Loans being prepaid if the prepayment occurs during the 24 months following the Closing Date; and (b) 1.0% of the Term Loans being prepaid if the prepayment occurs after the 24 month anniversary of the Closing Date.
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Industry
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Technology
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Location
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CA
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| Related Tags |
artificial intelligence
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ABL Advisor
Deal Tables
2026
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