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; |
| ● | “HFII” refers to Horizon Funding II, LLC, a Delaware limited liability company, which is a special purpose bankruptcy remote entity and our direct 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; |
| ● | “Nuveen Noteholders” refers to several entities owned or affiliated with Nuveen Alternative Advisors LLC and “Nuveen Facility” refers to the credit facility where the notes are issued to the Nuveen Noteholders; |
| ● | “Credit Facilities” refers to collectively the Key Facility, the NYL Facility and the Nuveen Facility; |
| ● | “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 and redeemed on January 28, 2026; |
| ● | “2027 Notes” 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; |
| ● | “2028 Notes” (collectively with the 2026 Notes and the 2027 Notes, “Debt Securities”) refers to the $57.5 million aggregate principal amount of our 7.00% unsecured notes due 2028, which were issued by us on December 15, 2025; |
| ● | “2030 Convertible Notes” refers to the $40.0 million aggregate principal amount of our 5.50% unsecured notes due 2030, which were issued by us on September 4, 2025; and |
| ● | “2031 Convertible Notes” (collectively with the 2030 Convertible Notes, “Convertible Notes”) refers to the $20.0 million aggregate principal amount of our 7.125% unsecured notes due 2031, which were issued by us on October 17, 2024, in a transaction exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 1933. |
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.
