Horizon Technology Finance ( HRZN ), a closed-end, non-diversified management investment company, has initiated an underwritten public offering of $30 million aggregate principal amount of notes due 2022.
In connection with the proposed offering, the company said it will grant the underwriters for the offering a 30-day option to purchase up to an additional $4.5 million aggregate principal amount of the notes
Horizon said it will use the net proceeds of the offering to redeem the company's 7.375% notes due 2019.
Shares were down 0.5% in recent morning trade.
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