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WhiteHorse Finance, Inc. - WHF STOCK NEWS

Welcome to our dedicated page for WhiteHorse Finance news (Ticker: WHF), a resource for investors and traders seeking the latest updates and insights on WhiteHorse Finance stock.

WhiteHorse Finance, Inc. (Nasdaq: WHF) is a non-diversified, closed-end management investment company that focuses on making debt investments in privately held, small-cap companies across the United States. The company's investment objective is to generate attractive risk-adjusted returns for investors, primarily by originating senior secured loans to small-cap companies spanning a broad range of industries. Managed by H.I.G. WhiteHorse Advisers, LLC, an affiliate of H.I.G. Capital, LLC, WhiteHorse Finance leverages its affiliation with a leading global alternative asset manager to source high-quality investment opportunities.

As of June 30, 2023, the fair value of WhiteHorse Finance's investment portfolio was $728.4 million, comprising 116 positions across 70 companies with a weighted average effective yield of 13.4% on income-producing debt investments. The portfolio is predominantly made up of first lien secured loans (81.3%), reflecting the company's conservative investment strategy. The loans are primarily variable rate investments indexed to benchmarks such as the London Interbank Offered Rate and the Secured Overnight Financing Rate, providing resilience in fluctuating interest rate environments.

WhiteHorse Finance recently reported a 34.2% year-over-year increase in net investment income for the quarter ended June 30, 2023, achieving $10.6 million. This performance underscores the company's strategic focus on well-positioned, non-cyclical, or lightly cyclical borrowers. The company continues to benefit from its three-tier sourcing architecture and affiliation with H.I.G. Capital, which provides a strong pipeline of investment opportunities. Furthermore, WhiteHorse Finance's board of directors has declared a distribution of $0.37 per share for the quarter, payable on October 3, 2023, marking the 44th consecutive quarter since its IPO with distributions declared at or above $0.355 per share.

In addition to its core investment activities, WhiteHorse Finance has undertaken several key initiatives, including a public offering of $30 million in notes due 2028, priced at 7.875% and tradable on The Nasdaq Global Select Market under the symbol WHFCL. The company aims to use the proceeds to repay amounts under its existing revolving credit facility and fund new investments. Another highlight is the company's involvement in the WHF STRS Ohio Senior Loan Fund LLC (STRS JV), an unconsolidated joint venture with a fair value of $324.5 million and a weighted average effective yield of 12.2% as of June 30, 2023.

WhiteHorse Finance continues to strategically position its portfolio to mitigate market risks and capitalize on emerging investment opportunities. The company's disciplined approach to credit selection and risk management, coupled with its robust financial performance, positions it well for continued growth and value creation for shareholders.

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WhiteHorse Finance (Nasdaq: WHF) will release its Q2 2024 financial results on August 8, 2024. The results will be available for the period ending June 30, 2024. A conference call to discuss these results will be held the same day at 9:00 a.m. ET. Investors can join the call by dialing 800-343-5172 (domestic) or +1 785-264-8342 (international), referencing ID #WHFQ224. The call can also be accessed via the investor relations section of WhiteHorse Finance's website. A replay of the teleconference will be available two hours post-call until August 15, 2024, by dialing 800-925-9941 or +1 402-220-5395 for international callers. A webcast replay will also be available on the company's website.

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WhiteHorse Finance, Inc. announced its Q1 2024 financial results with total investment income of $25,475, net investment income per share of $0.465, and a total investment portfolio valued at $697.9 million as of March 31, 2024. The company declared a distribution of $0.385 per share for the quarter and reported a net increase in net assets resulting from operations of $5,969.

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WhiteHorse Finance, Inc. will report its first quarter 2024 financial results on May 8, 2024. The company will hold a conference call to discuss the results at 10:00 a.m. ET. Investors can access the call via phone or webcast.
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WhiteHorse Finance, Inc. (WHF) appoints John P. Volpe as an independent member of its Board of Directors. Mr. Volpe, a seasoned commercial lending leader with extensive capital markets expertise, joins the Company's key committees. His 25 years of experience, including at GE Capital, will enhance the strategic direction of WhiteHorse Finance.
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WhiteHorse Finance, Inc. announces financial results for 2023 with a net asset value of $316.8 million and a distribution of $0.385 per share. The company's investments total $696.2 million, with strong net investment income. CEO Stuart Aronson highlights a 15% increase in core net investment income.
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WhiteHorse Finance, Inc. reschedules its Q4 2023 earnings conference call to 1:00 PM ET on February 29, 2024, releasing financial results for the period ended December 31, 2023. Dial-in details and webcast available for investors.
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WhiteHorse Finance, Inc. will release its fourth quarter and full year financial results on February 29, 2024, and discuss the results in a conference call at 2:00 p.m. ET. Investors can access the teleconference by dialing 800-579-2543 and the webcast replay will be available on the company's website. A replay of the call will be available through March 7, 2024, accessible by dialing 800-839-4018.
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WhiteHorse Finance, Inc. (Nasdaq: WHF) announces the passing of Kevin Burke, a longtime member of the Company's Board of Directors. Kevin joined the Board in 2017 and provided invaluable counsel to the management team. The Company extends its condolences to his family. Stuart Aronson, WhiteHorse Finance's CEO, expressed deep sadness and gratitude for Kevin's dedication.
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WhiteHorse Finance, Inc. (WHF) announced a decrease in the base management fee rate to 1.75% from 2.00%, effective January 1, 2024. The board also approved an increase in the quarterly distribution to $0.385 per share from $0.37 per share. The company's CEO reported a 25% increase in core net investment income compared to the same period last year.
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WhiteHorse Finance to release Q3 financial results on November 9, 2023
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FAQ

What is the main business of WhiteHorse Finance, Inc.?

WhiteHorse Finance, Inc. is a non-diversified, closed-end management investment company that makes debt investments in privately held, small-cap companies in the United States.

What is the investment objective of WhiteHorse Finance?

The investment objective of WhiteHorse Finance is to generate attractive risk-adjusted returns for investors by originating senior secured loans to small-cap companies across various industries.

Who manages WhiteHorse Finance's investment activities?

WhiteHorse Finance's investment activities are managed by H.I.G. WhiteHorse Advisers, LLC, an affiliate of H.I.G. Capital, LLC.

What is the current fair value of WhiteHorse Finance's investment portfolio?

As of June 30, 2023, the fair value of WhiteHorse Finance's investment portfolio was $728.4 million.

What is the composition of WhiteHorse Finance's investment portfolio?

The portfolio predominantly consists of first lien secured loans (81.3%), with a weighted average effective yield of 13.4% on income-producing debt investments.

How has WhiteHorse Finance performed financially in recent quarters?

For the quarter ended June 30, 2023, WhiteHorse Finance reported a net investment income of $10.6 million, representing a 34.2% year-over-year increase.

What recent initiatives has WhiteHorse Finance undertaken?

WhiteHorse Finance recently priced a public offering of $30 million in notes due 2028, with the proceeds intended to repay existing debt and fund new investments.

What is the distribution policy of WhiteHorse Finance?

WhiteHorse Finance's board of directors declared a distribution of $0.37 per share for the quarter ended June 30, 2023, marking 44 consecutive quarters with distributions declared at or above $0.355 per share.

What is the WHF STRS Ohio Senior Loan Fund LLC?

The WHF STRS Ohio Senior Loan Fund LLC (STRS JV) is an unconsolidated joint venture where WhiteHorse Finance has investments totaling $324.5 million as of June 30, 2023.

How does WhiteHorse Finance mitigate market risks?

WhiteHorse Finance strategically positions its portfolio with a focus on non-cyclical or lightly cyclical borrowers, employs a conservative credit selection approach, and leverages its affiliation with H.I.G. Capital for strong pipeline opportunities.

WhiteHorse Finance, Inc.

Nasdaq:WHF

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283.68M
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21.4%
31.73%
0.74%
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