--- schema_version: "secwatch.filing_event.v1" accession: "0001437749-22-027299" form_type: "8-K" ticker: "HRZN" cik: "0001487428" company_name: "Horizon Technology Finance Corp" filed_at: "2022-11-14T23:59:59+00:00" generated_at: "2026-06-21T19:58:02.533529+00:00" event_type: "debt" sentiment: "positive" materiality_score: 0.65 calibrated_materiality_score: 0.65 confidence: "high" source: SEC EDGAR --- # Horizon Technology Finance completes $158M securitization, issues $100M Notes at 7.56% ## Summary - Completed securitization of $158M secured loans via wholly-owned subsidiary Horizon Funding Trust 2022-1. - Issued $100M fixed-rate asset-backed notes rated A, bearing 7.56% interest, maturing Nov 15, 2030. - KeyBanc Capital Markets acted as initial purchaser; proceeds to repay $87.5M credit facility (7.25%) and for working capital. - Transaction increases capacity to originate new venture debt loans, positions to deliver long-term shareholder value. ## SEC filing metadata - accession: 0001437749-22-027299 - form_type: 8-K - ticker: HRZN - cik: 0001487428 - company_name: Horizon Technology Finance Corp - filed_at: 2022-11-14T23:59:59+00:00 - event_type: debt - sentiment: positive - materiality_score: 0.65 - calibrated_materiality_score: 0.65 - confidence: high - sec_items: 1.01, 2.03, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1487428/000143774922027299/0001437749-22-027299-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1487428/000143774922027299/hrzn20221111_8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001437749-22-027299 - JSON: https://secwatch.observer/filing/0001437749-22-027299.json - Plain text: https://secwatch.observer/filing/0001437749-22-027299.txt ## Key facts - Debt Financings Horizon Technology Finance Corp incurred senior notes of $100 million with KeyBanc Capital Markets Inc. at 7.56% per annum maturing November 15, 2030. - Instrument: senior notes - Principal: $100 million - Counterparty: KeyBanc Capital Markets Inc. - Rate: 7.56% per annum - Maturity: November 15, 2030 - Event: incurrence source text: On November 9, 2022, Horizon Technology Finance Corporation (the “ Company ”) completed a securitization of secured loans with an aggregate unpaid principal balance of approximately $158 million. Horizon Funding Trust 2022-1 (the “ Issuer ”), a newly formed wholly owned subsidiary of the Company, issued $100 million in aggregate principal amount of fixed-rate asset-backed notes (the “ Notes ”), which are rated A by a rating agency. KeyBanc Capital Markets Inc. (“ KeyBanc Capital Markets ”) acted as initial purchaser of the Notes, and the Company is the sponsor, seller and servicer for the transaction. The Notes bear interest at a fixed rate of 7.56% per annum and have a stated maturity of November 15, 2030. evidence_url: https://www.sec.gov/Archives/edgar/data/1487428/000143774922027299/0001437749-22-027299-index.htm - Material Agreements Horizon Technology Finance Corp entered into Note Purchase Agreement with KeyBanc Capital Markets Inc. valued at $100 million aggregate principal amount of fixed-rate asset-backed notes bearing interest at 7.56% p (effective 2022-10-26). - Action: entry - Agreement: notes offering - Counterparty: KeyBanc Capital Markets Inc. - Value: $100 million aggregate principal amount of fixed-rate asset-backed notes bearing interest at 7.56% p - Effective: 2022-10-26 source text: The Notes were issued by the Issuer pursuant to a note purchase agreement, dated as of October 26, 2022 (the “ Note Purchase Agreement ”), by and among the Company, Horizon Funding 2022-1 LLC, as trust depositor (the “ Trust Depositor ”), the Issuer and KeyBanc Capital Markets, as initial purchaser evidence_url: https://www.sec.gov/Archives/edgar/data/1487428/000143774922027299/0001437749-22-027299-index.htm - Material Agreements Horizon Technology Finance Corp entered into Administration Agreement with Issuer, Wilmington Trust, National Association, U.S. Bank Trust Company, National Association valued at Administrative services to the Issuer (effective 2022-11-09). - Action: entry - Counterparty: Issuer, Wilmington Trust, National Association, U.S. Bank Trust Company, National Association - Value: Administrative services to the Issuer - Effective: 2022-11-09 source text: The Company will also serve as administrator to the Issuer pursuant to an administration agreement, dated as of November 9, 2022 (the “ Administration Agreement ”), with the Issuer, Wilmington Trust, National Association, and U.S. Bank Trust Company, National Association. evidence_url: https://www.sec.gov/Archives/edgar/data/1487428/000143774922027299/0001437749-22-027299-index.htm - Material Agreements Horizon Technology Finance Corp entered into Sale and Contribution Agreement with Horizon Funding 2022-1 LLC valued at Secured loans with aggregate unpaid principal balance of approximately $158 million (effective 2022-11-09). - Action: entry - Agreement: asset purchase - Counterparty: Horizon Funding 2022-1 LLC - Value: Secured loans with aggregate unpaid principal balance of approximately $158 million - Effective: 2022-11-09 source text: As part of the transaction, the Company entered into a sale and contribution agreement, dated as of November 9, 2022 (the “ Sale and Contribution Agreement ”), with the Trust Depositor pursuant to which the Company has agreed to sell or has contributed to the Trust Depositor certain secured loans made to certain portfolio companies of the Company (the “ Loans ”). evidence_url: https://www.sec.gov/Archives/edgar/data/1487428/000143774922027299/0001437749-22-027299-index.htm - Material Agreements Horizon Technology Finance Corp entered into Sale and Servicing Agreement with Trust Depositor, Issuer, U.S. Bank Trust Company, National Association, U.S. Bank National Association valued at Servicing of the loan pool backing the Notes (effective 2022-11-09). - Action: entry - Counterparty: Trust Depositor, Issuer, U.S. Bank Trust Company, National Association, U.S. Bank National Association - Value: Servicing of the loan pool backing the Notes - Effective: 2022-11-09 source text: The Company has also entered into a sale and servicing agreement, dated as of November 9, 2022 (the “ Sale and Servicing Agreement ”), with the Trust Depositor, the Issuer, U.S. Bank Trust Company, National Association, as the trustee, and U.S. Bank National Association, as the backup servicer, custodian and securities intermediary evidence_url: https://www.sec.gov/Archives/edgar/data/1487428/000143774922027299/0001437749-22-027299-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.