Horizon Engineering Finance Certified prospects $15 Million Enterprise Financial institution mortgage Facility to Safe Transfusion Companies |

FARMINGTON, Conn., March 17, 2022 /PRNewswire/ — Horizon Technological know-how Finance Company (NASDAQ: HRZN) (“Horizon”), a main specialty finance group that provides funds within the number of secured monetary loans to enterprise cash backed companies within the applied sciences, life-style science, healthcare particulars and providers, and sustainability industries, launched today it shut a $15 million enterprise private mortgage facility to Protected Transfusion Corporations, Inc. (“STS”), of which Horizon funded $5 million of the primary $10 million draw, and a private funding resolution car managed by Horizon Applied sciences Finance Administration LLC, Horizon’s adviser, funded $5 million.

STS operates industrial blood assortment facilities that useful resource and distribute essential, in-demand blood components, this type of as platelets, to hospitals. By modernizing the transfusion treatment supply chain, STS is developing a community of modern assortment providers – commencing with its preliminary two Trusting Coronary heart Blood Facilities right now working in Minnesota and North Carolina – which be a focus for further donors from a broader array of backgrounds at current not engaged with blood donation at the moment. STS is backed by distinguished firms like Cerus Firm and OneBlood, and can use the mortgage proceeds for regular growth and performing cash causes.

“We take into account STS has reimagined the blood transfusion supply chain and may efficiently increase the constrained supply of blood platelets to satisfy a surging want from major hospitals,” mentioned Gerald A. Michaud, President of Horizon. “STS has a obvious prospect to deal with a large have to have and we’re delighted to steering the agency’s progress initiatives and their total mission to revive hope, set up depend on, and make enhancements to top of the range of lifetime by means of conveniently on the market and guarded transfusion solutions.”

“We’re psyched to have Horizon’s assist as we make new blood facilities and increase into further marketplaces,” said Founder and Chief Govt Officer Vijai Mohan. “There are numerous inefficiencies within the assortment plan of action that the STS product addresses. This permits us to provide a secure and reliable supply chain that presents our healthcare facility companions self-assurance in remaining in a position to ship the best expectations of care. We seem forward to buying new options to spice up the supply of blood components to fulfill the elevating demand from clients of hospitals all through the place.”

About Horizon Engineering Finance

Horizon Engineering Finance Firm (NASDAQ: HRZN) is a main specialty finance enterprise that delivers money within the number of secured monetary loans to enterprise capital backed firms within the know-how, life science, well being care data and professional providers, and sustainability industries. The expenditure purpose of HRZN is to extend its funding portfolio’s return by creating newest money circulation from the debt investments it helps make and money appreciation from the warrants it will get when producing such bank card debt investments. Horizon Technological innovation Finance Administration LLC is headquartered in Farmington, Connecticut, with a regional enterprise workplace in Pleasanton, California, and funding resolution consultants present in Portland, Maine, Austin, Texas, and Reston, Virginia. To seek out out much more, please pay a go to to www.horizontechfinance.com.  

About Safe Transfusion Companies 

Protected Transfusion Companies (STS) goals to maximise the high-quality, safety, and availability of transfusable blood components, commencing preliminary with apheresis platelets. STS offers establishments—massive and small—the peace of mind of determining that they are going to get hold of a gentle and reliable supplemental provide of platelets. Consumers of STS include among the most perfectly-respected and fashionable healthcare institutions within the place. By partnering with STS, medical heart strategies diversify their sourcing hazards, strengthening their present chain and inserting them in place to satisfy the transfusion requires of their victims. For further info and info, take a look at https://securetransfusionservices.com/.

Ahead-In search of Statements

 Statements included herein could properly signify “forward-looking statements” throughout the this implies of the Private Securities Litigation Reform Act of 1995. Statements aside from statements of historic info included on this push launch might signify forward-searching statements and aren’t ensures of foreseeable future basic efficiency, concern or outcomes and embody a variety of challenges and uncertainties. Actual outcomes could maybe fluctuate materially from all these within the forward-hunting statements as a consequence of a variety of components, which incorporates these defined sometimes within the Firm’s filings with the Securities and Commerce Charge. Horizon undertakes no responsibility to replace any ahead-seeking assertion created herein. All ahead-seeking statements converse solely as of the date of this push launch.

Contacts:

Dealer Relations:

ICR

Garrett Edson 

[email protected]

(860) 284-6450

Media Relations:

ICR

Chris Gillick 

[email protected]   

(646) 677-1819

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