debt
confidence high
sentiment neutral
materiality 0.30
Horizon Technology Finance amends secured loan facility, extends term to June 2027
Horizon Technology Finance Corp
- Amended Sale and Servicing Agreement on April 25, 2025; extends Investment Period Termination Date from June 5, 2025 to June 5, 2027.
- New interest rate for advances: greater of 4.60% or Pricing Benchmark plus 2.95% (previously plus 3.20%).
- Added excess concentration limit for loans with original term >5 years but ≤6 years: max 5.0% of Aggregate Outstanding Loan Balance.
- Fifth Supplemental Indenture extends Legal Final Payment Date to June 2032.
- No Rapid Amortization Event or Event of Default existed as of amendment date.