WhiteHorse Finance, Inc. operates as a business development company focused on debt investments in privately held, lower middle market U.S. companies. News about WHF centers on quarterly earnings, declared distributions, portfolio originations, repayments and realizations, and management of credit performance across senior secured loans and related investments.
Company updates also cover activity involving STRS JV, share repurchase authorization and execution, liquidity and risk management commentary, and the timing of financial-results releases and conference calls. Recurring themes include portfolio composition, investment selectivity, underperforming credits, taxable-income distributions, and changes affecting book value and net asset value.
WhiteHorse Finance (WHF) reported its financial results for Q3 2022, showcasing a net asset value of $343 million or $14.76 per share. The investment portfolio stood at $764.6 million with $39.5 million in gross investment deployments. Net investment income rose to $9.8 million, a 28.9% increase year-over-year. The board declared a distribution of $0.355 per share for Q4 2022, payable on January 4, 2023. Despite net realized and unrealized losses of $5.9 million, the company maintains a strong investment pipeline and a cautious approach amidst economic challenges.
WhiteHorse Finance announced a special distribution of $0.05 per share, payable on December 9, 2022, for stockholders of record by October 31, 2022. This distribution may include a return of capital and will be detailed in Form 1099-DIV.
The company will release its third-quarter financial results for the period ending September 30, 2022 on November 14, 2022, with a conference call scheduled for 1:00 p.m. ET.
WhiteHorse Finance (WHF) reported financial results for the quarter ending June 30, 2022, achieving a net investment income of $7.9 million, up 29.5% from the previous year. The net asset value stood at $347.4 million, or $14.95 per share, while the investment portfolio totaled $766.5 million. The Company declared a distribution of $0.355 per share for the quarter ending September 30, 2022, payable on October 4, 2022. Despite challenges, the diversified portfolio performed well with no investments on non-accrual status and nearly all debt investments indexed to floating rates, positioning the Company for potential earnings growth.
WhiteHorse Finance will release its second quarter financial results for the period ending June 30, 2022, on August 10, 2022. A conference call is scheduled for 1:00 p.m. ET to discuss these results. Investors can access the call by dialing 800-459-5346 or via the Company's website. A replay will be available for those unable to attend live. WhiteHorse Finance focuses on loans to privately held, lower middle market companies, managed by H.I.G. WhiteHorse Advisers, a significant player in the alternative asset management space.
WhiteHorse Finance reported Q1 2022 financial results, highlighting a net asset value of $347.9 million or $14.99 per share. The investment portfolio stands at $800.4 million, with gross deployments of $83.6 million, marking a record for Q1. Net investment income reached $8.5 million, or $0.368 per share, an increase from the previous year. The company declared a distribution of $0.355 per share, payable on July 5, 2022. The organization’s floating rate debt strategy positions it well for a rising interest rate environment.
WhiteHorse Finance, Inc. (Nasdaq: WHF) reported a significant portfolio update for Q1 2022. The company deployed approximately $86.1 million, while sales and repayments totaled around $47.7 million. Following these transactions, total investments at fair value decreased to about $800 million. Notably, a realization from Grupo HIMA San Pablo, Inc. resulted in a $6.9 million net loss, equating to a loss of 29.8 cents per share. The company will release its Q1 financial results on May 10, 2022.
WhiteHorse Finance (WHF) reported strong financial results for the year ended December 31, 2021. The company achieved a net asset value of $349.8 million, or $15.10 per share, down from $15.23 in 2020. Gross investment deployments reached $199.2 million in Q4 2021, while annual net investment income rose to $28.8 million, yielding $1.361 per share. A distribution of $0.355 per share was declared for Q1 2022, payable on April 4, 2022. The investment portfolio saw a significant increase, totaling $819.2 million, with strong origination activity contributing to the overall performance.
WhiteHorse Finance, Inc. (Nasdaq: WHF) will release its fourth quarter and full year financial results for the period ended December 31, 2021, on March 3, 2022. A conference call to discuss these results will take place at 12:00 p.m. ET the same day. Investors can access the call by dialing 800-909-5202 or through the company’s investor relations website. A replay of the call will be available after it concludes, lasting until March 10, 2022. WhiteHorse Finance focuses on loans to privately held, lower middle market companies across various industries.
WhiteHorse Finance (WHF) announced a private offering of $25 million in 4.25% Notes due 2028. The offering is limited to qualified institutional buyers under Section 4(a)(2) of the Securities Act. Proceeds will be used for refinancing existing debt and general corporate purposes. The unsecured notes bear interest payable semiannually, with a potential rate increase to 5.25% if the notes lose their investment-grade rating. These notes will not be registered under the Securities Act.
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.