FARMINGTON, Conn.,
Sept. 29, 2017 /PRNewswire/ -- Horizon Technology Finance
Corporation (Nasdaq: HRZN) (the "Company" or "Horizon") announced
today that it will redeem its 7.375% Senior Notes due 2019 (NYSE:
HTF) (the "Notes"). The Company will redeem 100%, or $33,000,000 aggregate principal amount, of the
issued and outstanding Notes on October 30,
2017 (the "Redemption Date"), following which they will be
delisted from the New York Stock Exchange. The redemption price per
Note will be $25 plus accrued and
unpaid interest through, but excluding, the Redemption Date. The
redemption of the Notes is expected to result in interest savings
through the original maturity date of the Notes.
The Notes should be presented and surrendered by mail or by hand
at the office of the paying agent, U.S. Bank National Association,
111 East Fillmore Ave, EP-MN-WS2N, St.
Paul, MN 55107, Attention: Bondholder Services, Phone
Inquiries: 1-800-934-6802.
About Horizon Technology Finance
Horizon Technology
Finance Corporation is a leading 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. The investment
objective of Horizon is to maximize its investment portfolio's
return by generating current income from the debt investments it
makes and capital appreciation from the warrants it receives when
making such debt investments. Headquartered in Farmington, Connecticut, Horizon has regional
offices in Pleasanton, California,
Reston, Virginia and Boston, Massachusetts. Horizon's common stock
trades on the NASDAQ Global Select Market under the ticker symbol
"HRZN".
Forward-Looking Statements
Statements included
herein may constitute "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995.
Statements other than statements of historical facts included in
this press release may constitute forward-looking statements and
are not guarantees of future performance, condition or results and
involve a number of risks and uncertainties. Actual results may
differ materially from those in the forward-looking statements as a
result of a number of factors, including those described from time
to time in our filings with the Securities and Exchange Commission.
Horizon undertakes no duty to update any forward-looking statement
made herein. All forward-looking statements speak only as of the
date of this press release.
Contact:
|
|
Horizon Technology
Finance
Corporation
|
Investor Relations
and Media Contacts:
|
Daniel
Trolio
|
The IGB
Group
|
Chief Financial
Officer
|
Scott Eckstein / Leon
Berman
|
(860)
674-9977
|
(212) 477-8261 /
(212) 477-8438
|
dtrolio@horizontechfinance.com
|
seckstein@igbir.com /
lberman@igbir.com
|
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SOURCE Horizon Technology Finance Corporation