The company today announced that Horizon Funding II, LLC, Horizon’s wholly-owned subsidiary (“HFII”), has closed a $100 million senior secured credit facility led by a large U.S. based insurance company pursuant to which HFII may issue up to $100 million of secured notes. The capacity under the credit facility may be increased to $200 million with the mutual agreement of Horizon and the lenders. Horizon intends to use the credit facility to leverage its existing investments, as well as deploy additional capital for new investments. The new credit facility complements the Company’s existing credit facilities. As of 2024-06-21, the Fund’s leverage was 56.8% and Debt Focused BDC Group leverage was 50.7%.
Horizon Tech Fin Corp
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