secwatch.observer — SEC 8-K summary
======================================

Issuer:     Horizon Technology Finance Corp (HRZN)
CIK:        0001487428
Form:       8-K
Filed at:   2024-06-24T23:59:59+00:00
Accession:  0001437749-24-021085
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Horizon closes $100M secured credit facility, expandable to $200M
-----------------------------------------------------------------

- New facility via subsidiary HFII; capacity may increase to $200M with mutual consent.
- One-year funding period, three-year reinvestment period; matures June 2033.
- Interest rate: greater of interpolated 4.88-yr Treasury yield + 3.15% or 5.00%.
- Maximum advance rate of 67.5% based on number of distinct obligor collateral.
- Proceeds to leverage existing investments and fund new venture debt loans.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1487428/000143774924021085/0001437749-24-021085-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1487428/000143774924021085/hrzn20240618c_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-021085

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer