New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 3, 2013
16:14 EDTHRZNHorizon Technology provides Q4 investment portfolio udate
Gerald A. Michaud, President of Horizon, commented, "We are pleased to end 2012 on a strong note as Horizon achieved record loan volumes during the fourth quarter, our sixth consecutive quarter of increased investment activity. As we continue to execute our investment strategy by deploying capital in a disciplined manner and expanding our high-yielding assets, we remain cautious in our outlook due to an uncertain macro environment. We experienced a typical investment pattern during the quarter with funding occurring later in the quarter and prepayments occurring throughout the quarter. During the quarter, we added a diverse mix of seven new companies to our venture loan portfolio. With our high-quality loan portfolio, Horizon expects to continue to generate a stable stream of interest income while providing the potential to realize significant warrant gains. We remain focused on taking advantage of select investment opportunities that meet our underwriting and return criteria and strengthening Horizon's leading industry brand." Gross new loan investments during the fourth quarter of 2012 totaled $66.5M. Net new loan investments totaled approximately $52M. During the quarter ended December 31, 2012, Horizon closed new loan commitments totaling $77.4M to 11 companies, compared to the quarter ended September 30, 2012, wherein Horizon closed new loan commitments totaling $41.3M to six companies.
News For HRZN From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
There are no results for HRZN

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use