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Monroe Capital jumps on merger deal with Horizon Technology Finance

ReutersAug 8, 2025 11:46 AM

Specialty finance firm Monroe Capital Corp's MRCC.O shares jump 11.7% to $6.97 premarket

MRCC announced late on Thursday it will merge with Horizon Technology Finance HRZN.O, another business development company under Monroe Capital umbrella

HRZN and MRCC are both affiliates of asset management firm Monroe Capital

MRCC shareholders will receive HRZN shares equivalent to the net asset value of MRCC shares

Raymond James analyst Robert Dodd says the transaction could be value creating for MRCC shareholders given HRZN trades at a materially higher price-to-net asset value (P/NAV) valuation than MRCC

As of last close, MRCC stock down 26.6% YTD

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