Specialty lender Horizon Technology Finance Corp. said it has amended and extended its credit line with a major insurer, giving the Farmington-based company $100 million of additional lending capacity.
The senior secured debt facility is now extended until 2027, Horizon said.
“We are pleased with the closing of the amended facility, as it will provide us with $100 million of additional lending capacity and significant flexibility to further grow our portfolio with low cost capital,” Daniel R. Trolio, Horizon’s chief financial officer, said in a statement.Â
“This facility also allows us to further diversify our balance sheet and sources of debt to maximize our capital efficiency and make new portfolio investments,” Trolio added. “We believe we are in a strong position to continue delivering value to our shareholders.”
