Horizon Finance Secures $40 Million in Convertible Notes Amid Strategic Shifts

Specialty lender Horizon Finance announced a significant capital raise after markets closed on Friday, securing $40 million through the private placement of convertible notes. The financing arrives at a critical juncture for the company, which caters to venture capital-backed growth companies in the technology, life sciences, and healthcare sectors.

The newly issued debt carries an interest rate of 5.5% and is convertible into equity starting in 2030. This structure provides Horizon with immediate liquidity without causing an instant dilution of existing shares. The capital injection is viewed as a strategic move to bolster the company’s balance sheet following a challenging quarterly report in August, which revealed a loss exceeding $20 million—more than double the loss recorded in the same period the previous year.

This financing effort coincides with Read more...