In this annual report on Form 10‑K, except where the context suggests otherwise, the terms:
| ● | “we,” “us,” “our,” “the Company” and “Horizon Technology Finance” refer to Horizon Technology Finance Corporation, a Delaware corporation, and its consolidated subsidiaries; |
| ● | The “Advisor” and the “Administrator” refer to Horizon Technology Finance Management LLC, a Delaware limited liability company; |
| ● | “Credit II” refers to Horizon Credit II LLC, a Delaware limited liability company, which is a special purpose bankruptcy remote entity and our direct subsidiary; |
| ● | “HFI” refers to Horizon Funding I, LLC, a Delaware limited liability company, which is a special purpose bankruptcy remote entity and a wholly-owned subsidiary of HSLFI, our wholly-owned subsidiary; |
| ● | “Key” refers to KeyBank National Association and “Key Facility” refers to the revolving credit facility with Key; |
| ● | “NYL Noteholders” refers to several entities owned or affiliated with New York Life Insurance Company and “NYL Facility” refers to the credit facility where the notes are issued to the NYL Noteholders; |
| ● | “Credit Facilities” refers to collectively the Key Facility and the NYL Facility; |
| ● | “2022 Notes” refers to the $37.4 million aggregate principal amount of our 6.25% unsecured notes due 2022, which were issued by us in September and October 2017 and redeemed by us on April 24, 2021; |
| ● | “2026 Notes” refers to the $57.5 million aggregate principal amount of our 4.875% unsecured notes due 2026, which were issued by us in March 2021; |
| ● | “2027 Notes” (collectively with the 2026 Notes, "Debt Securities") refers to the $57.5 million aggregate principal amount of our 6.25% unsecured notes due 2027, which were issued by us on June 15, 2022 and July 11, 2022; |
| ● | “2019‑1 Securitization” refers to the $160.0 million securitization of secured loans we completed on August 13, 2019; |
| ● | “2019 Asset-Backed Notes” refers to $100.0 million in aggregate principal amount of fixed rate asset-backed notes that were issued in conjunction with the 2019‑1 Securitization and redeemed by us on November 22, 2023; |
| ● | The “2019‑1 Trust” refers to Horizon Funding Trust 2019‑1, a Delaware trust; |
| ● | “2022‑1 Securitization” refers to the $157.8 million securitization of secured loans we completed on November 9, 2022; |
| ● | "2022 Asset-Backed Notes" (collectively with the 2019 Asset-Backed Notes, the “Asset-Backed Notes”) refers to $100.00 million in aggregate principal amount of fixed rate asset-backed notes that were issued in conjunction with the 2022-1 Securitization; and |
| ● | The “2022‑1 Trust” refers to Horizon Funding Trust 2022‑1, a Delaware trust. |
Some of the statements in this annual report on Form 10‑K constitute forward-looking statements which apply to both us and our consolidated subsidiaries and relate to future events, future performance or financial condition. The forward-looking statements involve risks and uncertainties for both us and our consolidated subsidiaries and actual results could differ materially from those projected in the forward-looking statements for any reason, including those factors described in“Item 1A.—Risk Factors”* and elsewhere in this annual report on Form* 10‑K.
