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KeyBank Renews, Increases Horizon Technology Finance Revolver

April 11, 2018, 07:09 AM
Filed Under: Lender Finance

Horizon Technology Finance Corporation, a specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and cleantech industries, announced that its wholly owned subsidiary, Horizon Credit II LLC, has amended its syndicated revolving credit facility led by KeyBank National Association.

The Credit Facility, as amended, provides for an increase in aggregate commitments to $100 million and extends the revolving period to April 6, 2021 and maturity date to April 6, 2023. The Credit Facility has an accordion feature which allows for an increase in the total loan commitment to $150 million. There can be no assurance that any additional lenders will make any commitments under the Credit Facility.

"We appreciate Key's ongoing support and confidence in Horizon and are pleased to increase the commitment of our credit facility," said Daniel R. Trolio, Senior Vice President and Chief Financial Officer. "Along with an extended draw period and maturity, the amended facility strengthens Horizon's ability to capitalize on compelling opportunities, as we seek to maintain our high portfolio yield and grow net investment income in a disciplined manner. We look forward to continuing our beneficial relationship with Key and our syndicate partners."


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