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FARMINGTON, Conn. and ALPHARETTA, Ga., June 22, 2015 (GLOBE NEWSWIRE) -- Horizon Technology Finance Corporation (Nasdaq:HRZN) ( "Horizon"), a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services and cleantech industries, announced today it has closed a $5 million venture loan facility to Bridge2 Solutions, Inc. ("Bridge2 Solutions"), a leading provider of marketing and fulfillment solutions for enterprise loyalty rewards programs. Bridge2 Solutions will use the proceeds for general working capital purposes.
"We are delighted to add Bridge2 Solutions to our high quality technology loan portfolio," stated Gerald A. Michaud, President of Horizon. "Bridge2 Solutions' innovative cloud-based, platform-as-a-service software provides its clients with marketing solutions and support for their consumer loyalty rewards programs. In a growing market that contains high barriers to entry, our growth capital will further drive Bridge2 Solutions' business expansion plans."
Craig McLaughlin, President and CEO of Bridge2 Solutions, stated, "Horizon's financial strength and team of venture lending experts were key differentiators in evaluating possible sources of funding. Horizon quickly closed on a flexible venture loan facility, which provides us with meaningful liquidity that enhances our financial position and future growth prospects. As Bridge2 Solutions continues to attract new clients and integrate its unique platform across a wide-range of businesses, we appreciate Horizon's confidence in the long-term outlook of our company."
About Horizon Technology Finance
Horizon Technology Finance Corporation is a leading specialty finance company that provides capital in the form of secured loans to companies backed by venture capital firms within the technology, life science, healthcare information and services and cleantech industries. The investment objective of Horizon is to maximize total returns by generating current income from a portfolio of directly originated secured loans as well as capital appreciation from warrants that it receives when making such loans. Headquartered in Farmington, Connecticut, Horizon has regional offices in Walnut Creek, California, and Reston, Virginia. Horizon's common stock trades on the NASDAQ Global Select Market under the ticker symbol "HRZN". To learn more, please visit www.horizontechnologyfinancecorp.com.
About Bridge2 Solutions
Founded in 2006, Bridge2 Solutions is a leading marketing solutions platform providing innovative marketing and fulfillment solutions to some of the largest Fortune 500 companies. Bridge2 Solutions is driving the future of loyalty programs with a paradigm shifting philosophy to partner directly with retailers to bring the most innovative user experience to market. We have proudly integrated and launched more partners and end-user catalogs than any other company in the loyalty industry. For more information please visit www.bridge2solutions.com.
Statements included herein may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in our filings with the Securities and Exchange Commission. Horizon undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.
CONTACT: Horizon Technology Finance Christopher M. Mathieu Chief Financial Officer (860) 676-8653 firstname.lastname@example.org Investor Relations and Media Contacts: The IGB Group Matt Steinberg / Leon Berman (212) 477-8261 / (212) 477-8438 email@example.com / firstname.lastname@example.orgSource:Horizon Technology Finance Corporation