Merger Announcement with MRCC
Horizon Technology Finance Corporation announced a merger with MRCC, expected to close in early 2026. This merger will significantly increase assets under management and provide greater economies of scale.
Net Investment Income Growth
The company reported net investment income of $0.32 per share, growing from $0.28 in the previous quarter.
Strong Portfolio Yield
Horizon achieved a portfolio yield on debt investments of 18.6%, one of the highest in the BDC industry.
Successful Capital Raising
Horizon raised $40 million through the issuance of 5.5% unsecured convertible notes due 2030 and an additional $10 million in equity through the ATM program.