Horizon Unit Closes $75M Loan For Health, Tech Investments

Law360, New York (August 24, 2012, 6:03 PM EDT) -- A subsidiary of specialty finance firm Horizon Technology Finance Corp. has obtained a $75 million loan credit facility to help it leverage existing investments and put equity in more development-stage technology and life sciences companies, the firm said Friday.

Horizon Credit III LLC secured the loan with a $10 million advance from Fortress Credit Co. LLC, an affiliate of diversified global investment manager Fortress Investment Group LLC with interest at Libor plus 6.0 percent, according to Horizon.

The firm, which provides secured loans to development-stage companies...
To view the full article, register now.