utah778/iStock via Getty Images
- Horizon Technology Finance (NASDAQ:HRZN) said Wednesday its lending platform funded $114M of new loans in Q4, a Q/Q jump of 8.1%, including $104M of new loans for the business development company.
- The Horizon Platform's committed backlog of debt investments "remained strong" at $255M, including $220M in HRZN commitments, said HRZN President Gerald A. Michaud. That's down from the record $309M of debt investments in the prior quarter.
- The company saw liquidity or partial paydown events from two portfolio companies in the quarter ended Dec. 30, 2022, including principal prepayments of $8.2M versus $22.0M in Q3.
- It received regularly scheduled principal payments on investments totaling $4.1M compared with $4.5M in Q3.
- New loan commitments totaled $102.6M to five companies, down from $156.0M to eight companies in Q3.
- Overall, HRZN held a portfolio of warrant and equity positions in 99 portfolio companies, including 82 private companies, as of Dec. 31, 2022.
- HRZN inched up 0.2% in after-hours trading.
- Previously, (Nov. 3) Horizon Technology Finance raised its monthly dividend by 10%.