Horizon Technology Finance Corp. Files 8-K

TL;DR

HTFC filed an 8-K on 6/24/24 for a material agreement and financial disclosures.

AI Summary

Horizon Technology Finance Corp. entered into a material definitive agreement on June 24, 2024, related to the creation of a direct financial obligation. The company also made a Regulation FD disclosure and filed financial statements and exhibits. Specific details on the agreement, obligation amounts, and terms are not provided in this excerpt.

Why It Matters

This filing indicates a significant financial event or disclosure for Horizon Technology Finance Corp., potentially impacting its financial obligations and regulatory standing.

Risk Assessment

Risk Level: medium — The filing involves material definitive agreements and financial obligations, which inherently carry financial and regulatory risks.

Key Players & Entities

• Horizon Technology Finance Corp. (company) — Registrant
• June 24, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.001 — ich registered Common Stock, par value $0.001 per share HRZN The Nasdaq Stock Mar
• $100 million — re "), which provides the Issuer with a $100 million commitment from the Lenders and may inc
• $200 million — nt from the Lenders and may increase to $200 million with the mutual agreement of the Compan

Filing Documents

• hrzn20240618c_8k.htm (8-K) — 34KB
• ex_690504.htm (EX-10.1) — 587KB
• ex_690505.htm (EX-10.2) — 139KB
• ex_690506.htm (EX-10.3) — 984KB
• ex_691373.htm (EX-99.1) — 9KB
• plogo01.jpg (GRAPHIC) — 5KB
• 0001437749-24-021085.txt ( ) — 2201KB
• hrzn-20240624.xsd (EX-101.SCH) — 4KB
• hrzn-20240624_def.xml (EX-101.DEF) — 13KB
• hrzn-20240624_lab.xml (EX-101.LAB) — 18KB
• hrzn-20240624_pre.xml (EX-101.PRE) — 13KB
• hrzn20240618c_8k_htm.xml (XML) — 6KB

01

Item 1.01 Entry into a Material Definitive Agreement On June 21, 2024, Horizon Funding II, LLC (the " Issuer "), a Delaware limited liability company and wholly owned subsidiary of Horizon Technology Finance Corporation (the " Company "), entered into an Indenture, dated as of June 21, 2024, by and among the Issuer, as issuer, U.S. Bank Trust Company, National Association, as trustee (the " Trustee "), and U.S. Bank National Association, as securities intermediary (" US Bank ") (the " Indenture "), which provides the Issuer with a $100 million commitment from the Lenders and may increase to $200 million with the mutual agreement of the Company and the Lenders. Concurrently, the Issuer entered into a Note Funding Agreement, dated as of June 21, 2024, by and among the Issuer, as issuer, and the Initial Purchasers (as defined therein) (the " Lenders ") (the " Note Funding Agreement "), pursuant to which the Issuer may issue up to $100 million of senior secured notes. In addition, the Issuer entered into a Sale and Servicing Agreement, dated as of June 21, 2024, by and among the Issuer, as issuer, the Company, as originator, seller and servicer, the Trustee, as trustee, and U.S. Bank, as backup servicer, lockbox bank, custodian and securities intermediary (the " S&S Agreement, " together with the Indenture and the Note Funding Agreement, the " Credit Facility "), which, among other things, provides that borrowings under the Credit Facility shall bear interest, payable monthly, determined at a rate per annum equal to the greater of (i) the yield for the United States Treasury constant maturity 3-year and 5-year in the most recent statistical release published by the Board of Governors of the Federal Reserve System designated as "Selected Interest Rates (Daily) – H.15" interpolated to a 4.88-year weighted average life plus 3.15% and (ii) 5.00%. The Credit Facility has a one-year funding period and a three-year reinvestment period. The description of the documentation

03

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant The information required by Item 2.03 is contained in Item 1.01 of this Current Report on Form 8-K and is incorporated herein by reference. Section 7 Regulation FD

01

Item 7.01 Regulation FD Disclosure On June 24, 2024, the Company issued a press release, a copy of which is attached hereto as Exhibit 99.1. The information in this Item 7.01, including Exhibit 99.1 and the information set forth therein, is deemed to have been furnished to, and shall not be deemed to be "filed" with, the U.S. Securities and Exchange Commission. Section 9

Financial Statements and Exhibits

Financial Statements and Exhibits

Financial Statements and Exhibits

Financial Statements and Exhibits (d) Exhibits. Exhibit No. Description 10.1 Indenture, dated as of June 21, 2024, by and among Horizon Funding II, LLC, as issuer, U.S. Bank Trust Company, National Association, as trustee, and U.S. Bank National Association, as securities intermediary. 10.2 Note Funding Agreement, dated as of June 21, 2024, by and among Horizon Funding II, LLC, as issuer, and the Initial Purchasers (as defined therein). 10.3 Sale and Servicing Agreement, dated as of June 21, 2024, by and among Horizon Funding II, LLC, as issuer, Horizon Technology Finance Corporation, as originator, seller and servicer, U.S. Bank Trust Company, National Association, as trustee, and U.S. Bank National Association, as backup servicer, lockbox bank, custodian and securities intermediary. 99.1 Press Release of the Company dated June 24, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: June 24, 2024 HORIZON TECHNOLOGY FINANCE CORPORATION By: /s/ Robert D. Pomeroy, Jr. Robert D. Pomeroy, Jr. Chief Executive Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR