Farmington’s Horizon Technology Finance said it has recovered $9.9 million from a Texas energy storage company in which it had previously invested.
Xtreme Power Inc. recently went through Ch. 11 bankruptcy, which led to the sale of its assets to Younicos, a German green energy supplier.
Horizon said the cash it netted in the bankruptcy sale covered its principal, interest and fees related to the financing and venture loan it had provided to Xtreme. The transaction resulted an internal rate of return of 17.7 percent, Horizon said.
