Horizon Technology Finance Corporation (HRZN) and Monroe Capital Corporation (MRCC) announced on August 7, 2025, that they have entered into a definitive merger agreement. Under the terms of the agreement, MRCC will merge with and into HRZN, subject to shareholder approvals and other closing conditions.
This merger is a pivotal strategic initiative designed to significantly enhance HRZN's scale and operational capabilities within the venture debt and growth capital landscape. The combined entity is expected to benefit from increased capital and expanded market reach.
The transaction is anticipated to provide HRZN with an estimated $165 million of incremental equity capital, boosting the combined company's estimated net asset value to approximately $446 million. This substantial capital base will be leveraged to provide more investment capital, directly supporting core net investment income growth.
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