PRNewswire/ — Horizon Know-how Finance Company (NASDAQ: HRZN) (“Horizon”), a number one specialty finance firm that gives capital within the type of secured loans to enterprise capital backed corporations within the expertise, life science, healthcare data and companies, and sustainability industries, together with lending companion Trinity Capital Inc. (NASDAQ: TRIN) (“Trinity”), a number one supplier of debt and tools financing to development stage corporations, introduced right this moment that they supplied a $40 million enterprise mortgage to Nexii Constructing Options Inc. (“Nexii”), a inexperienced building expertise firm centered on creating environmentally-friendly, sturdy, cost-efficient and disaster-resilient buildings.
Underneath the phrases of the settlement, Horizon and a non-public funding car managed by Horizon Know-how Finance Administration LLC, Horizon’s advisor, supplied Nexii with $22.5 million and $7.5 million, respectively, whereas Trinity supplied $10 million. Nexii expects to make use of the mortgage proceeds for common development and dealing capital functions.
“Nexii’s superior constructing options and environmentally acutely aware building supplies and strategies are bringing sport altering innovation to the development business, decreasing venture construct instances and prices, whereas making certain buildings are extra environment friendly, sustainable, and resilient to local weather impacts,” mentioned Gerald A. Michaud, President of Horizon. “We’re excited to assist Nexii because it seeks to additional develop its market share within the building sector.”
“We’re proud to companion with the staff at Nexii, whose mission to construct a vibrant future for the folks and planet is mixed with a quantum leap in constructing expertise,” mentioned Ron Kundich, Senior Managing Director of Trinity Capital. “We’re all conscious of the continued effort to transition to a zero-carbon economic system, and Nexii’s revolutionary strategy positions them on the forefront of sustainable buildings, which require fewer sources, produce much less waste, and use non-toxic supplies for more healthy dwelling.”
“Two main enterprise and development stage lenders, Horizon and Trinity, have come collectively to companion with Nexii, and we’re so grateful to have their assist,” mentioned Stephen Sidwell, Co-founder and Chief Government Officer of Nexii. “With this funding, we’re capable of additional develop our venture capability, improve the velocity of supply for our transformative inexperienced constructing options, and take a step ahead in the direction of realizing our aim of getting sustainable building expertise in each sector of enterprise and each space of the world.”
About Horizon Know-how Finance
Horizon Know-how Finance Company (NASDAQ: HRZN) is a number one specialty finance firm that gives capital within the type of secured loans to enterprise capital backed corporations within the expertise, life science, healthcare data and companies, and sustainability industries. The funding goal of Horizon is to maximise its funding portfolio’s return by producing present revenue from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments. Headquartered in Farmington, Connecticut, Horizon additionally has regional places of work in Pleasanton, California and Reston, Virginia. To study extra, please go to horizontechfinance.com.
About Trinity Capital
Trinity Capital Inc. (Nasdaq: TRIN), an internally managed specialty lending firm that has elected to be regulated as a enterprise improvement firm beneath the Funding Firm Act of 1940, as amended, is a number one supplier of debt, together with loans and tools financing, to development stage corporations, together with venture-backed corporations and corporations with institutional fairness buyers. Trinity’s funding goal is to generate present revenue and, to a lesser extent, capital appreciation by way of investments consisting primarily of time period loans and tools financings and, to a lesser extent, working capital loans, fairness and equity-related investments. Trinity believes it’s considered one of solely a choose group of specialty lenders that has the depth of information, expertise, and observe document in lending to development stage corporations. Study extra at trincapinvestment.com.
Nexii Constructing Options Inc. (Nexii) is a inexperienced building expertise firm that’s dedicated to constructing a vibrant future for folks and the planet. Nexii designs and manufactures high-performance buildings and inexperienced constructing merchandise which might be sustainable, cost-efficient and resilient within the face of local weather change. The Nexii System additionally considerably reduces building timelines, enabling the speedy improvement of inexperienced buildings throughout North America. Nexii is suited to industrial / industrial / institutional, mixed-use, multi-family residential and single-family properties, in addition to for the inexperienced retrofit market. For extra data, go to www.nexii.com, or join with us on Instagram (@NexiiBuilds), Twitter (@NexiiBuilds) or on LinkedIn (Nexii Constructing Options).
Statements included herein might represent “forward-looking statements” throughout the that means of the Personal Securities Litigation Reform Act of 1995. Statements apart from statements of historic information included on this press launch might represent forward-looking statements and are usually not ensures of future efficiency, situation or outcomes and contain a lot of dangers and uncertainties. Precise outcomes might differ materially from these within the forward-looking statements on account of a lot of components, together with these described infrequently within the Firm’s filings with the Securities and Change Fee. Horizon undertakes no obligation to replace any forward-looking assertion made herein. All forward-looking statements converse solely as of the date of this press launch.
SOURCE Horizon Know-how Finance Company
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