Horizon Technology (HZNP) Makes $4.8M Loan Prepayment
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Horizon Technology Finance Corporation (Nasdaq: HRZN) announced the prepayment of the remaining balance of $4.8 million of a ventre loan made by Horizon to OpenPeak, Inc. ("OpenPeak"). OpenPeak designs end-to-end managed platforms, software, and devices that enable Enterprises, SMBs, service providers, developers and content owners to interact with end-users in their homes, offices, and while mobile.
Horizon was carrying this loan at a fair value below its cost. The venture loan repayment allows Horizon to reverse its previously reported unrealized depreciation of approximately $270,000 and recognize additional fee income.
Horizon was carrying this loan at a fair value below its cost. The venture loan repayment allows Horizon to reverse its previously reported unrealized depreciation of approximately $270,000 and recognize additional fee income.
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