“We experienced increased investment activity during the first quarter as we focused our marketing efforts on life science and innovative technology companies with limited leverage,” said
New Loans Funded
Horizon funded five new loans in the first quarter of 2017 totaling
$12.0 million to a new portfolio company,IgnitionOne, Inc. , a leading digital marketing and services provider and one of the largest independent marketing technology companies in the world.$4.0 million to a new portfolio company, a mobile app publisher that delivers innovative promotions, rewards and instant-win experiences through free mobile gaming on both iOS and Android.$4.0 million to an existing portfolio company, a provider of a cloud-based, iPad point-of-sale system for small businesses.$3.8 million to an existing portfolio company, vTv Therapeutics, Inc., a clinical-stage biopharmaceutical company committed to the discovery and development of treatments for a range of human diseases including Alzheimer’s disease and diabetes.$2.0 million to an existing portfolio company,Luxtera, Inc. , a developer of integrated silicon CMOS photonics.
Liquidity Events
During the quarter ended
As previously disclosed, in March, Argos Therapeutics, Inc. (“Argos”) prepaid the outstanding principal balance of
In March,
In March,
In March,
In March,
In March,
Refinanced Principal Balances, Early Principal Payoffs, and Principal Payments Received
As noted above, Horizon experienced early pay-offs during the first quarter of 2017 totaling
Commitments
During the quarter ended
Pipeline
As of
Warrant and Equity Portfolio
As of
About
Forward-Looking Statements
Statements included herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in our filings with the
Contacts: |
|
Horizon Technology Finance |
Investor Relations and Media Contacts: |
Daniel R. Trolio |
|
Chief Financial Officer |
|
(860) 674-9977 |
(212) 477-8261 / (212) 477-8438 |
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/horizon-technology-finance-provides-investment-portfolio-update-for-first-quarter-2017-300438907.html
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