Horizon Technology lowers interest rate on $75 million revolver

By Toni Weeks

San Luis Obispo, Calif., May 28 - Horizon Technology Finance Corp. amended its $75 million revolving credit facility with Wells Fargo Capital Finance, LLC to reduce the facility's interest rate, according to an 8-K filing with the Securities and Exchange Commission.

Effective May 1, the interest rate was lowered to one-month Libor plus 325 basis points, decreased from one-month Libor plus 400 bps. The credit facility's existing Libor floor of 1% remains unchanged, as does all other terms.

Farmington, Conn.-based Horizon is a specialty finance company that lends to and invests in development-stage companies in the technology, life science, clean-tech and health care information and services industries.

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