Horizon Technology Finance, a specialty finance company that provides secured loans to venture capital and private equity backed development-stage companies in the technology, life science, healthcare information and services, and clean-tech industries, announced an amendment to its $75.0 million revolving credit facility with Wells Fargo Capital Finance.

Effective May 1, 2013, the stated interest rate under the credit facility was reduced to one month LIBOR plus 3.25%, a reduction from the current interest rate of one month LIBOR plus 4.00%. The credit facility will continue to have a LIBOR floor of 1.00%. All other terms of the   facility remain unchanged.

"We are pleased to significantly improve a key term of our credit facility with Wells Fargo," said Christopher M. Mathieu, SVP and Chief Financial Officer of Horizon. "The Credit Facility, as amended, reduces Horizon's borrowing costs which will  have a positive impact on our net income. We appreciate the ongoing support of Wells Fargo and look forward to utilizing the credit facility to further fund our business."

Horizon Technology Finance Corporation is a business development company that provides secured loans to development-stage companies backed by established venture capital and private equity firms within the technology, life science, healthcare information and services, and clean-tech industries.