Horizon Technologies Finance Gives $8 Million Enterprise Bank loan Facility to Clara Food items

FARMINGTON, Conn., Jan. 14, 2021 /PRNewswire/ — Horizon Engineering Finance Company (NASDAQ: HRZN) (“Horizon”), a primary specialty finance business that gives funds in the variety of secured loans to undertaking money backed organizations in the technological innovation, daily life science, health care details and solutions, and sustainability industries, declared now it has supplied an $8 million undertaking mortgage facility to Clara Food items, Inc. (“Clara Meals”), of which $5 million has been originally funded. 

Clara Meals is a meals technology company that is creating animal-free of charge proteins as components for foods and drinks, together with egg proteins that will match the taste and texture and distinctive culinary performance of a true egg. Clara Foods’ proprietary proteins leverage precision fermentation to meet the escalating demand from customers from individuals trying to get nourishment by means of alternate proteins derived from sustainable procedures. Many well known traders in Clara Foods consist of The Generation Board, Blue Horizon and Ingredion. Clara Foods will use the personal loan proceeds for standard doing work capital purposes.

“By way of its revolutionary protein system technological innovation, Clara Foods is building substantial progress in generating a impressive animal-free egg,” explained Gerald A. Michaud, President of Horizon. “We expect its solutions will find a major viewers as buyers continue on to enhance their intake of alternate protein resources as very well as a lot more sustainable food resources. We are happy to help Clara Food items in bringing their animal-absolutely free proteins to a huge and increasing industry.” 

“We enjoy Horizon’s guidance and assurance in what we are accomplishing at Clara Foodstuff,” claimed Arturo Elizondo, CEO and Co-founder of Clara Foodstuff. “We are excited to deliver to industry sustainable, moral and affordable choice proteins to satisfy the promptly increasing consumer desire for animal-totally free solutions that help change our food stuff method from the floor up. Horizon’s financial investment will support facilitate our go-to-market place system and expand our small business.”

About Horizon Technological innovation Finance

Horizon Technologies Finance Corporation (NASDAQ: HRZN) is a top specialty finance organization that offers capital in the type of secured loans to undertaking capital backed firms in the technological innovation, daily life science, healthcare information and facts and products and services, and sustainability industries. The expense objective of Horizon is to optimize its investment portfolio’s return by generating present cash flow from the financial debt investments it would make and cash appreciation from the warrants it receives when generating such debt investments. Headquartered in Farmington, Connecticut, Horizon also has regional workplaces in Pleasanton, California and Reston, Virginia. To understand a lot more, remember to visit www.horizontechfinance.com. 

About Clara Food items

Clara Foodstuff is a San Francisco-dependent food technologies firm with a mission to direct the world’s transition to animal-free of charge proteins, starting up with the egg. Since manufacturing facility-farm generation of eggs is unsustainable for both of those the ecosystem and for meeting the dietary wants of a expanding populace, Clara has developed an alternate. Clara’s serious, animal-absolutely free egg proteins will be ready to be made use of in even the most fragile of desserts: from angel food cakes to meringues. With the assist of technology and the knowhow of the Clara Foods staff, a mouth watering and sustainable future is feasible! To understand far more, remember to check out www.clarafoods.com.

Forward-Searching Statements

Statements integrated herein may possibly constitute “ahead-looking statements” in just the this means of the Personal Securities Litigation Reform Act of 1995. Statements other than statements of historic points involved in this press launch may well represent forward-hunting statements and are not ensures of long run efficiency, ailment or success and require a quantity of challenges and uncertainties. Actual success may perhaps vary materially from people in the ahead-hunting statements as a outcome of a range of things, which include these described from time to time in the Firm’s filings with the Securities and Trade Fee. Horizon undertakes no duty to update any forward-hunting assertion built herein. All ahead-hunting statements speak only as of the day of this push release.

Contacts:

Investor Relations:
ICR
Garrett Edson
[email protected]
(860) 284-6450

Media Relations:
ICR
Chris Gillick
[email protected]   
(646) 677-1819

Media Relations: Clara Food items
Allison+Partners
Stephanie Baber
[email protected]
(646) 428-0682

Watch initial content:http://www.prnewswire.com/information-releases/horizon-technological know-how-finance-supplies-8-million-undertaking-personal loan-facility-to-clara-meals-301208825.html

Supply Horizon Technological know-how Finance Company