Horizon Technology (HRZN) Announces 1.66M Common Offering

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Horizon Technology Finance Corporation (Nasdaq: HRZN) (the "Company" or "Horizon") today announced that it has commenced a public offering of 1,660,000 shares of its common stock. The Company intends to grant the underwriters for the offering an option to purchase up to an additional 249,000 shares of common stock. The Company's common stock trades on the NASDAQ Global Select Market under the symbol "HRZN." Wells Fargo Securities, LLC and Stifel, Nicolaus & Company, Incorporated are acting as joint book-running managers for the offering. BB&T Capital Markets, a division of Scott & Stringfellow, LLC, Sterne, Agee & Leach, Inc., JMP Securities LLC, and Gilford Securities Incorporated are acting as co-managers.

The Company intends to initially use the net proceeds of this offering to repay outstanding debt borrowed under its revolving credit facility with Wells Fargo Capital Finance, LLC and then, through re-borrowing under the facility, invest the net proceeds of this public offering in portfolio companies in accordance with its investment objective and strategies, and for working capital and general corporate purposes.

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Related Entities

Sterne Agee, JMP Securities, BB&T Capital Markets, Wells Fargo

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