Business development company (BDC) Horizon Technology Finance Corporation (HRZN) has priced their new issue of baby bonds.
The bonds price at 6.25% and will have a maturity date of 6/15/2027, with an optional call available to the company starting on June 15, 2024.
Note that the issue is rated BBB by Egan Jones. This is not to be confused with rating from Standard and Poor’s, Moody’s or Fitch. Generally Egan-Jones is considered to be ‘easier’ with ratings (although everyone has their own opinion).
The issue will have a permanent ticker of HTFC when it begins to trade in about a week—being debt there is no OTC trading.