Horizon Tech Fin Corp

The Company has amended its senior secured debt facility with a large U.S. based insurance company. Under the amended agreement, the commitment to HSLF has increased by $50 million, allowing HSLF to issue up to $250 million of secured notes, of which HSLF currently has outstanding $177 million.

The amendment to the credit facility also extends the investment period to June 2024. In addition, the amendment, among other things, changes the pricing structure for future borrowings to the three-year I-curve rate plus 3.50%. The facility is collateralized by the assets of HSLF, which consist of cash and debt investments. As of 2023-05-24, the Fund’s leverage was 57.1% and Debt Focused BDC Group leverage was 52.5%.

2023-05-24T00:00:00-04:00May 24th, 2023|

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