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<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES </B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549 </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>CURRENT
REPORT </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Pursuant to Section&nbsp;13 or 15(d)
of the </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Securities Exchange Act of 1934 </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Date of Report (Date of earliest event
reported): March 23, 2012 </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 24pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Horizon Technology Finance Corporation
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Exact name of registrant as specified
in its charter) </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
<TR>
    <TD STYLE="width: 34%">&nbsp;</TD>
    <TD STYLE="width: 1%; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="width: 32%">&nbsp;</TD>
    <TD STYLE="width: 1%; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="width: 32%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; font-size: 10pt; font-weight: bold; text-align: center"><B>Delaware</B></TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt"><B>&nbsp;</B></TD>
    <TD STYLE="vertical-align: top; font-size: 10pt; text-align: center"><B>814-00802</B></TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt"><B>&nbsp;</B></TD>
    <TD STYLE="vertical-align: top; font-size: 10pt; text-align: center"><B>27-2114934</B></TD></TR>
<TR>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(State or other jurisdiction</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>of incorporation)</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P></TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Commission</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>File Number)</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P></TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(IRS Employer</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Identification No.)</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P></TD></TR>
<TR>
    <TD COLSPAN="3">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="vertical-align: top; font-size: 10pt; font-weight: bold; text-align: center"><B>312 Farmington Avenue, Farmington, Connecticut</B></TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt; font-weight: bold; text-align: center"><B>06032</B></TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="vertical-align: top; font-size: 10pt; font-weight: bold; text-align: center"><B>(Address of principal executive offices)</B></TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt; font-weight: bold; text-align: center"><B>(Zip Code)</B></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Registrant&rsquo;s telephone number,
including area code: (860)&nbsp;676-8654 </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Not Applicable </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Former name or former address, if changed
since last report.) </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
A.2 below):</P>

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    <TD STYLE="width: 4%; font-size: 10pt"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="font-size: 10pt">Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425) </TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%; font-size: 10pt"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="font-size: 10pt">Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12) </TD></TR>
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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%; font-size: 10pt"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="font-size: 10pt">Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%; font-size: 10pt"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="font-size: 10pt">Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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    <TD STYLE="width: 12%; font-size: 10pt; font-weight: bold">
 <FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Item&nbsp;1.01.</B></FONT></TD>
    <TD STYLE="font-size: 10pt; font-weight: bold"><B>Entry into a Material Definitive Agreement. </B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 48.95pt">On March 23, 2012, Horizon Technology
Finance Corporation (the &ldquo;Company&rdquo;) and U.S. Bank National Association (the &ldquo;Trustee&rdquo;) entered into an
Indenture (the &ldquo;Indenture&rdquo;) and a First Supplemental Indenture (the &ldquo;First Supplemental Indenture&rdquo;) to
the Indenture relating to the Company&rsquo;s issuance, offer and sale of $30,000,000 aggregate principal amount of 7.375% senior
notes due 2019 (the &ldquo;Notes&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 48.95pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 48.95pt">The Notes will mature on March&nbsp;15,
2019 and may be redeemed in whole or in part at the Company&rsquo;s option at any time or from time to time on or after March&nbsp;15,
2015 at a redemption price of $25 per security plus accrued and unpaid interest.&nbsp;The Notes bear interest at a rate of 7.375%&nbsp;per
year payable quarterly on March&nbsp;15, June&nbsp;15, September&nbsp;15 and December&nbsp;15 of each year, commencing on June&nbsp;15,
2012.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 48.95pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 48.95pt">The Notes are direct unsecured obligations
of the Company and will rank: (i)&nbsp;<I>pari passu</I> with the Company&rsquo;s future senior unsecured indebtedness; (ii)&nbsp;senior
to any of the Company&rsquo;s future indebtedness that expressly provides it is subordinated to the Notes; (iii)&nbsp;effectively
subordinated to all of the Company&rsquo;s existing and future secured indebtedness (including indebtedness that is initially unsecured
to which the Company subsequently grants security), to the extent of the value of the assets securing such indebtedness, including
without limitation, borrowings under the Company&rsquo;s revolving credit facilities; and (iv)&nbsp;structurally subordinated to
all existing and future indebtedness and other obligations of any of the Company&rsquo;s subsidiaries.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 48.95pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 48.95pt">The Indenture, as supplemented by the
First Supplemental Indenture, contains certain covenants, including covenants requiring the Company to comply with the asset coverage
requirements set forth in Section&nbsp;18(a)(1)(A)&nbsp;as modified by Section&nbsp;61(a)(1)&nbsp;of the Investment Company Act
of 1940, as amended, and to provide financial information to the holders of the Notes and the Trustee if the Company should no
longer be subject to the reporting requirements under the Securities Exchange Act of 1934.&nbsp;These covenants are subject to
important limitations and exceptions that are described in the Indenture. The Indenture provides for customary events of default
and further provides that the Trustee or the holders of 25% in aggregate principal amount of the outstanding series of Notes may
declare such Notes immediately due and payable upon the occurrence of any event of default after expiration of any applicable grace
period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 48.95pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 48.95pt">The Notes were sold pursuant to an underwriting
agreement dated March 16, 2012 among the Company and Stifel, Nicolaus&nbsp;&amp; Company, Incorporated as representatives of the
several underwriters named in the underwriting agreement. The Company has granted the underwriters an option to purchase up to
an additional $4,500,000 in aggregate principal amount of the Notes to cover over-allotments, if any. The Notes were offered and
sold pursuant to the Company&rsquo;s Registration Statement on Form&nbsp;N-2 (File No.&nbsp;333-178516) and the preliminary prospectus
supplement filed with the Securities and Exchange Commission on March 14, 2012, as supplemented by the prospectus supplement dated
March 16, 2012.&nbsp;The transaction closed on March&nbsp;23, 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 48.95pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 48.95pt">The Company expects to use the net proceeds
from the offering of the Notes for investment in portfolio companies in accordance with the Company&rsquo;s investment objective
and strategies and for working capital and general corporate purposes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 48.95pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 48.95pt">The foregoing descriptions of the Indenture,
the First Supplemental Indenture and the Notes do not purport to be complete and are qualified in their entirety by reference to
the full text of the Indenture, the First Supplemental Indenture and the Notes, respectively, each filed as exhibits hereto and
incorporated by reference herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 48.95pt">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 48.95pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 12%; font-size: 10pt; font-weight: bold"><B>Item&nbsp;2.03.</B></TD>
    <TD STYLE="font-size: 10pt; font-weight: bold"><B>Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. </B></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 48.95pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 48.95pt">The information set forth under Item&nbsp;1.01
above with respect to the Notes is hereby incorporated by reference into this Item&nbsp;2.03, insofar as it relates to the creation
of a direct financial obligation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 12%; font-size: 10pt; font-weight: bold"><B>Item&nbsp;9.01.</B></TD>
    <TD STYLE="font-size: 10pt; font-weight: bold"><B>Financial Statements and Exhibits. </B></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

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<TR>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: black 0.5pt solid"><B>Number</B></TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt"><B>&nbsp;</B></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: black 0.5pt solid"><B>Exhibit</B></TD></TR>
<TR>
    <TD NOWRAP STYLE="vertical-align: top; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt">&nbsp;</TD></TR>
<TR>
    <TD NOWRAP STYLE="vertical-align: top; font-size: 10pt">4.1</TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt; width: 5%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt; width: 88%">Indenture, dated as of March&nbsp;23, 2012, between the Company and U.S. Bank National Association (Incorporated by reference to Exhibit (d)(7) of the Company&rsquo;s Post-Effective Amendment No. 2 on Form N-2, File No. 333-178516, filed on March&nbsp;23, 2012).</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD NOWRAP STYLE="vertical-align: top; font-size: 10pt">4.2</TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt">First Supplemental Indenture, dated as of March&nbsp;23, 2012, between the Company and U.S. Bank National Association (Incorporated by reference to Exhibit (d)(8) to the Company&rsquo;s Post-Effective Amendment No. 2 on Form N-2, File No. 333-178516, filed on March&nbsp;23, 2012).</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD NOWRAP STYLE="vertical-align: top; font-size: 10pt">4.3</TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt">Form of 7.375% Senior Notes due 2019 (Incorporated by reference to Exhibit (d)(9) to the Company&rsquo;s Post-Effective Amendment No. 2 on Form N-2, File No. 333-178516, filed on March&nbsp;23, 2012).</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
<TR>
    <TD STYLE="width: 48%">&nbsp;</TD>
    <TD STYLE="width: 1%; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="width: 47%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; font-size: 10pt">Horizon Technology Finance Corporation</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; font-size: 10pt">Date: March&nbsp;23, 2012</TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt">By:</TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: black 0.5pt solid">/s/ Christopher M.
Mathieu&nbsp;</P></TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt">Christopher M. Mathieu</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt">Chief Financial Officer</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>EXHIBIT INDEX &nbsp;</B></P>

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    <TD STYLE="vertical-align: bottom; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt">&nbsp;</TD></TR>
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: black 0.5pt solid"><B>Number</B></TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt"><B>&nbsp;</B></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: black 0.5pt solid"><B>Exhibit</B></TD></TR>
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    <TD STYLE="vertical-align: bottom; font-size: 10pt">&nbsp;</TD>
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    <TD NOWRAP STYLE="vertical-align: top; font-size: 10pt">4.1</TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt; width: 5%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt; width: 88%">Indenture, dated as of March&nbsp;23, 2012, between the Company and U.S. Bank National Association (Incorporated by reference to Exhibit (d)(7) of the Company&rsquo;s Post-Effective Amendment No. 2 on Form N-2, File No. 333-178516, filed on March&nbsp;23, 2012).</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
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    <TD NOWRAP STYLE="vertical-align: top; font-size: 10pt">4.2</TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt">First Supplemental Indenture, dated as of March&nbsp;23, 2012, between the Company and U.S. Bank National Association (Incorporated by reference to Exhibit (d)(8) to the Company&rsquo;s Post-Effective Amendment No. 2 on Form N-2, File No. 333-178516, filed on March&nbsp;23, 2012).</TD></TR>
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    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
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    <TD NOWRAP STYLE="vertical-align: top; font-size: 10pt">4.3</TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt">Form of 7.375% Senior Notes due 2019 (Incorporated by reference to Exhibit (d)(9) to the Company&rsquo;s Post-Effective Amendment No. 2 on Form N-2, File No. 333-178516, filed on March&nbsp;23, 2012).</TD></TR>
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{"company-data": {"conformed-name": "Horizon Technology Finance Corp", "cik": "0001487428", "irs-number": "272114934", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "814-00802", "film-number": "12710798"}, "business-address": {"street1": "312 FARMINGTON AVENUE", "city": "FARMINGTON", "state": "CT", "zip": "06032", "phone": "860-676-8654"}, "mail-address": {"street1": "312 FARMINGTON AVENUE", "city": "FARMINGTON", "state": "CT", "zip": "06032"}}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT
REPORT
Pursuant to Section 13 or 15(d)
of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event
reported): March 23, 2012
Horizon Technology Finance Corporation
(Exact name of registrant as specified
in its charter)
Delaware
814-00802
27-2114934
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
312 Farmington Avenue, Farmington, Connecticut
06032
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number,
including area code: (860) 676-8654
Not Applicable
(Former name or former address, if changed
since last report.)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
A.2 below):
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01.
Entry into a Material Definitive Agreement.
On March 23, 2012, Horizon Technology
Finance Corporation (the "Company") and U.S. Bank National Association (the "Trustee") entered into an
Indenture (the "Indenture") and a First Supplemental Indenture (the "First Supplemental Indenture") to
the Indenture relating to the Company's issuance, offer and sale of $30,000,000 aggregate principal amount of 7.375% senior
notes due 2019 (the "Notes").
The Notes will mature on March 15,
2019 and may be redeemed in whole or in part at the Company's option at any time or from time to time on or after March 15,
2015 at a redemption price of $25 per security plus accrued and unpaid interest. The Notes bear interest at a rate of 7.375% per
year payable quarterly on March 15, June 15, September 15 and December 15 of each year, commencing on June 15,
2012.
The Notes are direct unsecured obligations
of the Company and will rank: (i)
pari passu
with the Company's future senior unsecured indebtedness; (ii) senior
to any of the Company's future indebtedness that expressly provides it is subordinated to the Notes; (iii) effectively
subordinated to all of the Company's existing and future secured indebtedness (including indebtedness that is initially unsecured
to which the Company subsequently grants security), to the extent of the value of the assets securing such indebtedness, including
without limitation, borrowings under the Company's revolving credit facilities; and (iv) structurally subordinated to
all existing and future indebtedness and other obligations of any of the Company's subsidiaries.
The Indenture, as supplemented by the
First Supplemental Indenture, contains certain covenants, including covenants requiring the Company to comply with the asset coverage
requirements set forth in Section 18(a)(1)(A) as modified by Section 61(a)(1) of the Investment Company Act
of 1940, as amended, and to provide financial information to the holders of the Notes and the Trustee if the Company should no
longer be subject to the reporting requirements under the Securities Exchange Act of 1934. These covenants are subject to
important limitations and exceptions that are described in the Indenture. The Indenture provides for customary events of default
and further provides that the Trustee or the holders of 25% in aggregate principal amount of the outstanding series of Notes may
declare such Notes immediately due and payable upon the occurrence of any event of default after expiration of any applicable grace
period.
The Notes were sold pursuant to an underwriting
agreement dated March 16, 2012 among the Company and Stifel, Nicolaus & Company, Incorporated as representatives of the
several underwriters named in the underwriting agreement. The Company has granted the underwriters an option to purchase up to
an additional $4,500,000 in aggregate principal amount of the Notes to cover over-allotments, if any. The Notes were offered and
sold pursuant to the Company's Registration Statement on Form N-2 (File No. 333-178516) and the preliminary prospectus
supplement filed with the Securities and Exchange Commission on March 14, 2012, as supplemented by the prospectus supplement dated
March 16, 2012. The transaction closed on March 23, 2012.
The Company expects to use the net proceeds
from the offering of the Notes for investment in portfolio companies in accordance with the Company's investment objective
and strategies and for working capital and general corporate purposes.
The foregoing descriptions of the Indenture,
the First Supplemental Indenture and the Notes do not purport to be complete and are qualified in their entirety by reference to
the full text of the Indenture, the First Supplemental Indenture and the Notes, respectively, each filed as exhibits hereto and
incorporated by reference herein.
Item 2.03.
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth under Item 1.01
above with respect to the Notes is hereby incorporated by reference into this Item 2.03, insofar as it relates to the creation
of a direct financial obligation.
Item 9.01.
Financial Statements and Exhibits.
Number
Exhibit
4.1
Indenture, dated as of March 23, 2012, between the Company and U.S. Bank National Association (Incorporated by reference to Exhibit (d)(7) of the Company's Post-Effective Amendment No. 2 on Form N-2, File No. 333-178516, filed on March 23, 2012).
4.2
First Supplemental Indenture, dated as of March 23, 2012, between the Company and U.S. Bank National Association (Incorporated by reference to Exhibit (d)(8) to the Company's Post-Effective Amendment No. 2 on Form N-2, File No. 333-178516, filed on March 23, 2012).
4.3
Form of 7.375% Senior Notes due 2019 (Incorporated by reference to Exhibit (d)(9) to the Company's Post-Effective Amendment No. 2 on Form N-2, File No. 333-178516, filed on March 23, 2012).
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Horizon Technology Finance Corporation
Date: March 23, 2012
By:
/s/ Christopher M.
Mathieu
Christopher M. Mathieu
Chief Financial Officer
EXHIBIT INDEX
Number
Exhibit
4.1
Indenture, dated as of March 23, 2012, between the Company and U.S. Bank National Association (Incorporated by reference to Exhibit (d)(7) of the Company's Post-Effective Amendment No. 2 on Form N-2, File No. 333-178516, filed on March 23, 2012).
4.2
First Supplemental Indenture, dated as of March 23, 2012, between the Company and U.S. Bank National Association (Incorporated by reference to Exhibit (d)(8) to the Company's Post-Effective Amendment No. 2 on Form N-2, File No. 333-178516, filed on March 23, 2012).
4.3
Form of 7.375% Senior Notes due 2019 (Incorporated by reference to Exhibit (d)(9) to the Company's Post-Effective Amendment No. 2 on Form N-2, File No. 333-178516, filed on March 23, 2012).