Earnings summaries and quarterly performance for Horizon Technology Finance.
Executive leadership at Horizon Technology Finance.
Michael P. Balkin
Chief Executive Officer
Daniel R. Trolio
Executive Vice President, Chief Financial Officer and Treasurer
Diane C. Earle
Senior Vice President and Chief Credit Officer
Gerald A. Michaud
President
John C. Bombara
Executive Vice President, General Counsel, Chief Compliance Officer and Secretary
Lynn D. Dombrowski
Chief Accounting Officer
Paul G. Seitz
Chief Investment Officer
Board of directors at Horizon Technology Finance.
Research analysts who have asked questions during Horizon Technology Finance earnings calls.
Paul Johnson
Keefe, Bruyette & Woods
4 questions for HRZN
Bryce Rowe
B. Riley Securities
2 questions for HRZN
Douglas Harter
UBS
2 questions for HRZN
Cory Johnson
UBS
1 question for HRZN
Mitchel Penn
Oppenheimer & Co. Inc.
1 question for HRZN
Recent press releases and 8-K filings for HRZN.
- Horizon Technology Finance has provided Pelthos Therapeutics with an initial $30 million financing, with up to an additional $20 million available upon achieving certain milestones.
- The loan facility has a sixty-month term, with an interest rate of Prime plus 3.75% (currently 10.50%) on drawn capital, and amortization beginning at month thirty-six or forty-eight.
- In connection with the financing, Pelthos issued Horizon warrants to purchase 65,488 shares of its common stock at an exercise price of $27.49 per share.
- Proceeds from the financing will be used to support the commercialization of ZELSUVMI™, launch Xepi® and Xeglyze®, and for working capital and general corporate purposes.
- As of September 30, 2025, Pelthos had $14.2 million in cash, cash equivalents, and investments, augmented by an $18.0 million issuance of convertible notes on November 6, 2025.
- Horizon Technology Finance Corporation (HRZN) issued $57.5 million aggregate principal amount of its 7.00% Notes due 2028 through a Fifth Supplemental Indenture dated December 15, 2025.
- The 7.00% Notes due 2028 will mature on December 15, 2028, with interest payable semiannually on June 15 and December 15, commencing June 15, 2026.
- These Notes are unsecured obligations that rank pari passu with the company's current and future unsecured, unsubordinated indebtedness.
- The net proceeds from this offering are intended for the redemption of outstanding 2026 Notes and for general corporate purposes.
- Horizon Technology Finance Corporation (HRZN) priced a registered direct offering of $57.50 million aggregate principal amount of 7.00% Notes due 2028.
- The Notes will mature on December 15, 2028, and bear interest at a rate of 7.00% per year, payable semi-annually.
- The company expects the closing of the transaction to occur on or about December 15, 2025.
- Net proceeds from the offering are intended for repaying indebtedness, including the Company’s 4.875% Notes due 2026, and for general corporate purposes.
- Horizon Technology Finance Corporation priced a registered direct offering of $57.50 million aggregate principal amount of 7.00% Notes due 2028.
- The Notes will mature on December 15, 2028, and will bear interest at a rate of 7.00% per year, payable semi-annually starting December 15, 2025.
- The company intends to use the net proceeds from this offering to repay indebtedness, including its 4.875% Notes due 2026, and for other general corporate purposes.
- Horizon Technology Finance Corporation's Board of Directors declared monthly distributions totaling $0.33 per share.
- These distributions are $0.11 per share for each of January, February, and March 2026.
- The Board will determine future distribution amounts in February 2026, considering Q4 2025 results, spillover income, and the anticipated merger with Monroe Capital Corporation, which could result in lower distributions.
- Horizon Technology Finance Corporation reported Net Investment Income of $0.32 per basic share and a Net Asset Value of $7.12 per share for the third quarter ended September 30, 2025.
- The company's annualized portfolio yield on debt investments was 18.6% for the quarter ended September 30, 2025.
- HRZN entered into an agreement to merge with Monroe Capital Corporation (MRCC).
- The Board declared regular monthly distributions totaling $0.33 per share payable in January, February, and March 2026.
- As of September 30, 2025, HRZN had $130.9 million in cash and a net debt to equity leverage ratio of 94%.
- Horizon Technology Finance reported net investment income per share of $0.32 for the third quarter ended September 30, 2025, with net asset value per share at $7.12.
- The company achieved an annualized portfolio yield on debt investments of 18.6% for the quarter, with a total investment portfolio of $603.5 million as of September 30, 2025.
- Regular monthly distributions totaling $0.33 per share have been declared through March 2026, supported by undistributed spillover income of $0.93 per share as of September 30, 2025.
- Horizon is progressing towards completing its merger with Monroe Capital Corporation (MRCC).
Quarterly earnings call transcripts for Horizon Technology Finance.
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