April 18, 2012 | last updated June 1, 2012 1:58 pm

Farm'ton's Horizon Tech coasts to $33M for deals

Farmington's Horizon Technology Finance had no trouble raising $33 million -- $3 million more than planned -- for a fresh round of acquisitions and financings.

Horizon announced Wednesday closing of its over-allotted offering of seven-year, 7.375 percent unsecured notes due March 23, 2019.

Horizon only sought $30 million, but underwriters exercised their option to sell an extra $3 million, the company said.

Stifel, Nicolaus & Co. Inc. was sole book-running manager. BB&T Capital Markets and Sterne, Agee & Leach, Inc. served as co-lead managers. Wunderlich Securities Inc. was co-manager.

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