debt
confidence high
sentiment neutral
materiality 0.50
Horizon Credit II extends KeyBank credit facility draw period to 2027, maturity to 2029; margin revised
Horizon Technology Finance Corp
- Draw period extended to June 20, 2027 and maturity to June 20, 2029 under amended loan and security agreement.
- Applicable margin set at 0.10% during draw, 0.75% for first 12 months after draw, and 1.25% thereafter.
- Amendment also covers sale and servicing agreement; KeyBank remains agent and arranger.
- Representations and conditions reaffirmed; no defaults or events of default exist as of June 20, 2024.