Business development Company (BDC) Horizon Technology Finance Corporation (HRZN) has announced a new issue of $25 notes with a maturity date in 2026.
The proceeds will be used to redeem the 6.25% notes due 2022 (HTFA) which had early call period starting in 2019.
The preliminary prospectus can be read here.
J was on top of this one.
HTFA traded well.
I don’t know, 6.25% for a BDC baby bond seems about right to me. They want to refinance it at a lower rate, good luck but I’ll pass.
Gunfighter–how about 4.875%?
LOL