Horizon Technology Finance Corporation announced its portfolio update for the third quarter ended September 30, 2024, reporting significant lending activity. The company funded a total of $93.1 million in new loans during the quarter, indicating continued deployment of capital into its target sectors.
New loan commitments totaled $172.9 million to eight companies, a substantial increase compared to $12.5 million in the prior quarter. This expansion in commitments provides a solid foundation for future lending opportunities and portfolio growth.
HRZN's committed backlog, representing unfunded loan approvals and commitments, increased to $189.9 million to 16 companies as of September 30, 2024. The company also experienced liquidity events from four portfolio companies, with principal prepayments totaling $37.5 million.
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