FARMINGTON, Conn., May perhaps 30, 2023 /PRNewswire/ — Horizon Technological know-how Finance Corporation (Nasdaq: HRZN) (the “Business” or “Horizon”) these days announced that it has priced an underwritten public giving of 3,250,000 shares of its popular stock at a cost to the public of $12.50 per share for complete gross proceeds of about $40,625000, in advance of deducting underwriting fee and discounts and estimated supplying charges. The general public featuring is expected to close on or about June 2, 2023, subject to the customary closing conditions. In relationship with the providing, the Firm has granted the underwriters for the giving a 30-day option to acquire up to an additional 487,500 shares of the Company’s common stock only to go over overallotments, if any.
The joint-direct ebook-functioning supervisors for the featuring are Morgan Stanley & Co. LLC, UBS Financial investment Financial institution, and Wells Fargo Securities. The co-managers for the giving are Janney Montgomery Scott LLC and Maxim Team LLC.
The Organization intends to use the internet proceeds of this featuring to repay its fantastic personal debt borrowed under its revolving credit score facility supplied by KeyBank Nationwide Affiliation (the “Key Facility”). Having said that, by means of re-borrowing of the preliminary repayments below its Vital Facility, the Firm intends to use the web proceeds from this supplying to make investments in accordance with its investment decision aim and methods described in the prospectus supplement and the accompanying prospectus, to fork out the Firm’s running bills and other income obligations, and for common corporate functions.
Traders are encouraged to cautiously look at the investment decision goal, dangers, expenses and expenditures of the Enterprise in advance of investing. The preliminary prospectus health supplement dated May possibly 30, 2023 and the accompanying foundation prospectus dated July 21, 2021 consists of this and other information and facts about the Organization and must be study cautiously just before investing. The info in the preliminary prospectus complement, the accompanying prospectus and this press release is not finish and may be modified.
The giving might be manufactured only by suggests of a preliminary prospectus complement and an accompanying prospectus, copies of which may perhaps be received from (1) Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Ground, New York, NY 10014, (2) UBS Investment decision Financial institution, Interest: Prospectus Division, 1285 Avenue of the Americas, New York, New York 10019, Telephone: 888-827-7275, or by e mail at ol-prospectusrequ[email protected] or (3) or Wells Fargo Securities, LLC at 550 West 33rd Road, New York, New York, 1001, Attn: Equity Syndicate Office, by calling toll cost-free 1-800-326-5897, or by e-mail at [email protected].
This push release does not constitute an supply to promote or the solicitation of an give to obtain the securities in this presenting or any other securities nor will there be any sale of these securities or any other securities referred to in this press release in any point out or jurisdiction in which these types of present, solicitation or sale would be unlawful prior to the registration or qualification below the securities regulations of this sort of point out or jurisdiction.
About Horizon Engineering Finance
Horizon Technological innovation Finance Company (NASDAQ: HRZN) is a foremost specialty finance organization that offers funds in the sort of secured financial loans to enterprise money backed organizations in the technologies, daily life science, healthcare information and facts and expert services, and sustainability industries. The expense goal of Horizon is to optimize its investment portfolio’s return by making latest earnings from the credit card debt investments it can make and money appreciation from the warrants it gets when creating this sort of financial debt investments. Horizon is headquartered in Farmington, Connecticut, with a regional place of work in Pleasanton, California, and expense professionals located in Austin, Texas, Chicago, Illinois, Reston, Virginia and Portland, Maine. To learn more, make sure you pay a visit to horizontechfinance.com.
Statements involved herein might represent “forward-wanting statements” inside of the this means of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical info involved in this push launch may represent ahead-hunting statements and are not ensures of long term effectiveness, issue or final results and contain a range of pitfalls and uncertainties. Genuine final results may well differ materially from individuals in the ahead-seeking statements as a result of a quantity of aspects, like those described from time to time in the Firm’s filings with the Securities and Trade Fee. The Organization undertakes no responsibility to update any ahead-hunting assertion manufactured herein. All forward-seeking statements talk only as of the date of this press release.
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