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, Inc. (Nasdaq: WHF) announced the completion of a private offering of $40 million in 5.375% Notes due 2025. These unsecured notes are intended for refinancing existing debt and general corporate purposes. The interest on these notes may increase to 6.375% if they lose their investment grade rating. The notes will mature on October 20, 2025, unless preemptively redeemed. The offering was made to qualified institutional buyers and is not registered under the Securities Act, thus not available for public sale without registration.
WhiteHorse Finance, Inc. (WHF) will disclose its third quarter financial results for the period ending September 30, 2020, on November 9, 2020. A conference call to discuss these results will occur at 2:00 p.m. ET. Investors can access the call by dialing 706-758-9224 or through the investor relations section of their website. For those who miss the live event, a replay will be available until November 16, 2020. WhiteHorse Finance specializes in originating and investing in loans for lower middle-market companies.
WhiteHorse Finance, Inc. (Nasdaq: WHF) declared a special distribution of $0.125 per share, set for payment on December 10, 2020, to stockholders on record by October 30, 2020. This distribution arises from taxable earnings, potentially including return of capital or capital gains, which will be detailed on Form 1099-DIV post-year-end. WhiteHorse Finance operates as a business development company, focusing on loans to lower middle market companies with assets managed by H.I.G. Capital, holding approximately $40 billion in capital.
WhiteHorse Finance reported a net asset value of $300.2 million or $14.61 per share for Q2 2020. The investment portfolio totals $547.4 million, with a gross investment addition of $39.4 million. Net investment income fell to $5.2 million or $0.255 per share, a decrease of 27.8% year-over-year. A distribution of $0.355 per share was declared for Q3 2020, maintaining consistency in payments. The liquidity position improved, with outstanding borrowings reduced to minimum requirements, enabling future growth opportunities.
WhiteHorse Finance (NASDAQ: WHF) will release its Q2 financial results for the period ended June 30, 2020, on August 10, 2020. A conference call will take place at 2:00 p.m. ET to discuss the results. Investors can dial 706-758-9224 to join the call or access it via the company's website. A replay will be available until August 17, 2020. WhiteHorse Finance is a business development company focusing on loans to lower middle market companies, managed by H.I.G. WhiteHorse Advisers, LLC.