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Horizon Technology Finance (NASDAQ:HRZN) said Wednesday its lending platform, Horizon Platforms, originated $88.9M of new loans during the third quarter, up from $52.7M in Q2.
The Q3 figure includes eight loans totaling $88.4M funded by Horizon (HRZN).
HRZN finished the quarter ended Sept. 30, 2023, with unfunded loan approvals and commitments of $201.8M to 19 companies, exceeding the committed backlog of $159.4M to 19 companies as of June 30, 2023.
In addition, HRZN closed new loan commitments totaling $157.7M to seven companies, compared with new loan commitments of $73.6M to six companies in Q2.
Overall, at the end of Q3, HRZN held a portfolio of warrant and equity positions in 100 portfolio companies, including 86 private companies.
HRZN edged down 0.7% in after-hours trading.
