FARMINGTON, Conn., March 23, 2021 /PRNewswire/ — Horizon Know-how Finance Company (Nasdaq: HRZN) (the “Firm” or “Horizon”) introduced in the present day that it has priced an underwritten public providing of $50.0 million mixture principal quantity of notes due 2026 (the “Notes”), which is able to end in internet proceeds to the Firm of roughly $48.25 million after fee of underwriting reductions and commissions and estimated providing bills payable by the Firm. The Notes will mature on March 30, 2026 and could also be redeemed in complete or partially at any time or every now and then on the Firm’s possibility on or after March 30, 2023. The Notes shall be issued in denominations of $25 and integral multiples of $25 in extra thereof and can bear curiosity at a price of 4.875% per 12 months, payable quarterly, with the primary curiosity fee occurring on June 30, 2021. As well as, the Firm has granted the underwriters a 30-day choice to buy as much as an extra $7.50 million mixture principal quantity of Notes to cowl overallotments, if any.
The providing is anticipated to shut on March 30, 2021, topic to customary closing situations. The Firm intends to record the Notes on the New York Inventory Change beneath the image “HTFB.”
The Firm intends to make use of the web proceeds of the providing of the Notes to pay down the Firm’s excellent debt, together with redeeming the Firm’s 6.250% notes due 2022 and for common company functions.
The joint book-running managers for the providing are Keefe, Bruyette & Woods, A Stifel Firm and Oppenheimer & Co. The co-managers for the providing are B. Riley Securities and Maxim Group LLC.
Buyers are suggested to fastidiously think about the funding goal, dangers, costs and bills of the Firm earlier than investing. The preliminary prospectus complement dated March 23, 2021 and the accompanying base prospectus dated June 18, 2018, which have been filed with the Securities and Change Fee (“SEC”), include this and different details about the Firm and ought to be learn fastidiously earlier than investing. The knowledge within the preliminary prospectus complement, the accompanying prospectus and this press launch just isn’t full and could also be modified.
A shelf registration assertion relating to those securities is on file with and has been declared efficient by the SEC. The providing could also be made solely by the use of a preliminary prospectus complement and an accompanying prospectus, copies of which can be obtained from Keefe, Bruyette & Woods, Inc., Attn: Debt Capital Markets, 787 Seventh Avenue, Fourth Flooring, New York, NY 10019, Oppenheimer & Co., Inc., 85 Broad Road, 23rd Flooring, New York, NY 10004 or by calling (800) 966 1559; copies may additionally be obtained by visiting EDGAR on the SEC’s web site at http://www.sec.gov.
This press launch doesn’t represent a proposal to promote or the solicitation of a proposal to purchase the securities on this providing or some other securities nor will there be any sale of those securities or some other securities referred to on this press launch in any state or jurisdiction wherein such provide, solicitation or sale could be illegal previous to the registration or qualification beneath the securities legal guidelines of such state or jurisdiction.
About Horizon Know-how Finance
Horizon Know-how Finance Company (NASDAQ: HRZN) is a number one specialty finance firm that gives capital within the type of secured loans to enterprise capital backed firms within the know-how, life science, healthcare data and companies, and sustainability industries. The funding goal of Horizon is to maximise its funding portfolio’s return by producing present earnings from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments. Headquartered in Farmington, Connecticut, Horizon additionally has a regional workplace in Pleasanton, California.
Statements included herein might represent “forward-looking statements” inside the that means of the Non-public Securities Litigation Reform Act of 1995. Statements aside from statements of historic info included on this press launch might represent forward-looking statements and should not ensures of future efficiency, situation or outcomes and contain plenty of dangers and uncertainties. Precise outcomes might differ materially from these within the forward-looking statements because of plenty of elements, together with these described every now and then in Horizon’s filings with the Securities and Change Fee. Horizon undertakes no responsibility to replace any forward-looking assertion made herein. All forward-looking statements converse solely as of the date of this press launch.
SOURCE Horizon Know-how Finance Company