Horizon Tech Finance issues $40M 5.50% convertible notes due 2030 at 91.5% of par

Horizon Technology Finance Corp

Issued $40M aggregate principal of 5.50% Convertible Notes due September 4, 2030.
Notes sold at 91.5% of par; net proceeds approximately $36.6M before expenses.
Interest payable monthly in arrears; conversion price is greater of 5-day VWAP or most recent NAV per share.
Company may redeem notes at 100% of principal plus accrued interest at any time on or after March 4, 2025.
Proceeds to be used for general corporate purposes, including potential debt repayment.

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