Business development company (BDC) Horizon Technology Finance (HRZN) has announced they will be selling a new issue of notes with a maturity date in 2027.
The company currently has 1 other issue of baby bonds outstanding which has a coupon of 4.875% and can be seen here.
The preliminary prospectus for the new issue can be found here.
J was right on top of this one with EarlyBird chiming in.
3 thoughts on “BDC Horizon Technology Finance Corporation to Sell New Baby Bonds”
6.25% seems like a good deal with where the 4.875% trades.
Taken into consideration all BDC baby bonds, what it actually says is just how out of line high the HTFB has been.. According to the bdcreporter, of the 18 outstanding bdc debt issues, HTFB had the lowest yield….
Issue priced at 6.25% https://www.sec.gov/Archives/edgar/data/0001487428/000110465922069395/tm2218040d1_fwp.htm
Horizon Technology Finance Corporation
6.25% Notes due 2027
Will begin trading on the NYSE on Monday June 27 2022