Horizon Technology’s $32.5 million 6.25% $25-par notes list on NYSE

By Stephanie N. Rotondo

Seattle, Oct. 4 – Horizon Technology Finance Corp.’s $32.5 million of 6.25% $25-par notes due 2022 were admitted to the New York Stock Exchange on Wednesday.

The ticker symbol is “HTFA.”

The notes priced on Sept. 26 on top of the 6.25% price talk. The deal size was initially talked at $30 million.

Keefe Bruyette & Woods was the bookrunner. BB&T Capital Markets, William Blair & Co., Janney Montgomery Scott LLC and Oppenheimer & Co. were co-managers.

There is a $4.875 million over-allotment option, upsized from $4.5 million.

Interest will be payable on the 15th of March, June, September and December. The notes become redeemable on Sept. 15, 2019 at par plus accrued interest.

Proceeds will be used to redeem the company’s 7.375% $25-par notes due 2019 (NYSE: HTF).

Horizon is a Farmington, Conn.-based specialty finance company.

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