Markets

Horizon Technology Finance Launches $30 Mln Public Offering Due 2022

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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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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