Welcome to our dedicated page for Whitehorse news (Ticker: WHF), a resource for investors and traders seeking the latest updates and insights on Whitehorse stock.
WhiteHorse Finance, Inc. (NASDAQ: WHF) is a business development company that focuses on originating and investing in loans to privately held, lower middle market companies across a broad range of industries. This news page aggregates company-issued press releases and related coverage so readers can follow how WhiteHorse Finance reports on its portfolio, distributions, and corporate actions over time.
Recent news items for WhiteHorse Finance, Inc. have centered on quarterly earnings results, regular and special distributions, and portfolio activity. The company frequently announces its financial results for each quarter, detailing total investment income, net investment income, net realized and unrealized gains or losses, net asset value per share, and the fair value and composition of its investment portfolio. These releases often highlight the mix of first lien secured loans, second lien loans, unsecured loans, equity holdings, and investments in STRS JV, as well as the weighted average effective yield on income-producing debt investments.
Investors following WHF news will also see updates on distributions per share declared by the board of directors, including periods where distributions have been at or above a stated level for many consecutive quarters since the company’s initial public offering. The company has announced special distributions in certain periods and has provided details on record dates and payment dates. In addition, news releases describe conference calls to discuss results, including dial-in information, replay options, and webcast availability.
Other notable news items include announcements of a stock repurchase program authorized by the board of directors, voluntary fee reductions by the company’s adviser for specified periods, and commentary from management on portfolio repositioning and underperforming investments. By checking this page regularly, readers can review WhiteHorse Finance, Inc.’s official communications on earnings, distributions, capital management actions, and portfolio developments.
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.
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.