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News For HRZN From The Last 14 Days
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April 8, 2015
16:22 EDTHRZNHorizon Technology reports Q1 new loans totaled $23.9M
Horizon Technology provided a portfolio update for Q1. Horizon funded new loans in Q1 totaling $23.9M to portfolio companies. Horizon experienced liquidity events from four portfolio companies. Liquidity events for Horizon may consist of the sale of warrants or equity in portfolio companies, loan prepayments, sale of owned assets or receipt of success fees. Horizon experienced Q1 early pay-offs totaling $18.0M vs. $14.2M in 4Q14. In Q1, Horizon received regularly scheduled principal payments on investments totaling $7.1M vs. $10.8M in 4Q14. Horizon closed new loan commitments totaling $24.4M to six companies in Q1, vs. $37.5M to 11 companies in 4Q14. As of March 31, Horizon's unfunded loan approvals and commitments were $37.2M to 13 companies, vs. $25.7M to 11 companies as of December 31, 2014. Horizon holds warrant positions in two portfolio companies that recently filed registration statements in connection with their potential initial public offerings: eASIC Corporation filed a Registration Statement on Form S-1 on February 19; and a portfolio company confidentially submitted a Draft Registration Statement on Form S-1 under the JOBS Act. On February 23, Inotek completed its IPO.

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