Whitehorse Stock Price, News & Analysis

WhiteHorse Finance, Inc. (Nasdaq: WHF) has priced a public offering of $75 million in 4.00% notes due 2026, expected to close on November 24, 2021. The net proceeds of approximately $73.3 million will primarily be used to repay existing indebtedness, including $35 million in 6.50% unsecured notes due 2025, and to fund new investments. The notes will mature on December 15, 2026, with interest payable semi-annually starting June 15, 2022.

WhiteHorse Finance, Inc. (Nasdaq: WHF) announced a registered public offering of notes, subject to market conditions. The interest rate and terms will be established at pricing. Proceeds will primarily be used to repay $35 million of unsecured notes due 2025 and to fund new investments aligned with the company's objectives. Raymond James & Associates, Inc. is the offering's sole book-running manager. Investors are encouraged to review the preliminary prospectus supplement and prospectus for detailed information on associated risks and charges.

WhiteHorse Finance (Nasdaq: WHF) announced plans to redeem its 6.50% Notes due 2025 totaling $35 million on December 17, 2021. This redemption will involve buying back 100% of the outstanding Notes at a price of $25 each, plus accrued interest. The Company intends to fund this redemption with additional debt. Following the redemption, the Notes will be delisted from the Nasdaq Global Select Market.

WhiteHorse Finance (WHF) reported its Q3 2021 financial results, revealing a net asset value of $323.7 million, equating to $15.46 per share. The investment portfolio totaled $687.1 million, with gross deployments reaching $122.5 million. Net investment income was $7.6 million, or $0.366 per share, marking a 28.8% increase year-over-year. A distribution of $0.355 per share was declared for the quarter ending December 31, 2021. The company completed a public offering, generating about $33.7 million. Despite competitive markets, WhiteHorse remains optimistic about its growth opportunities.

WhiteHorse Finance will release its third quarter financial results for the period ending September 30, 2021 on November 9, 2021, at 2:00 p.m. ET. The results will be discussed during a teleconference, which investors can join by calling 877-876-9177. A replay will be available until November 16, 2021. WhiteHorse Finance, managed by H.I.G. Capital, focuses on loans to lower middle-market companies.

WhiteHorse Finance, Inc. (Nasdaq: WHF) has announced the pricing of an underwritten primary offering of 1,900,000 shares at $15.81 each, aiming for net proceeds of approximately $29.1 million. The offering includes a 30-day option for underwriters to purchase an additional 285,000 shares. Proceeds will be utilized for investing in portfolio companies and general corporate purposes. The offering is scheduled to close on October 25, 2021. Joint book-running managers include Raymond James and Deutsche Bank.

WhiteHorse Finance, Inc. (Nasdaq: WHF) announced an underwritten primary offering of its common stock. The company plans to utilize the net proceeds from this offering primarily to invest in portfolio companies in line with its investment objectives and strategies. The offering will be made under the company’s shelf registration statement, which has been approved by the Securities and Exchange Commission. Leading investment firms such as Raymond James & Associates, Deutsche Bank Securities, and Keefe, Bruyette & Woods are acting as joint book-running managers for this offering.

WhiteHorse Finance, Inc. (Nasdaq: WHF) has declared a special distribution of $0.135 per share, set to be paid on December 10, 2021. Stockholders of record as of October 29, 2021 will receive this payment. Distributions may include a return of capital and/or capital gains, with specific tax characteristics reported on Form 1099-DIV post-year-end. The company focuses on originating and investing in loans to privately held, lower middle-market firms across various industries, managed by H.I.G. WhiteHorse Advisers, part of H.I.G. Capital, which oversees over $45 billion in assets.

WhiteHorse Finance reported a net asset value of $319.6 million or $15.42 per share for Q2 2021, an increase from $314.3 million in Q1 2021. The company declared a distribution of $0.355 per share for Q3 2021, payable on October 4, 2021. Net investment income rose 17.3% year-over-year to $6.1 million, while core net investment income increased 34.6% to $7.0 million. Investment activity included $103.8 million in gross deployments. However, net realized and unrealized gains decreased to $4.4 million from $17.6 million in the prior year, reflecting market conditions.