WHITEHORSE FINANCE, INC. TO REDEEM 7.875% NOTES DUE 2028

Rhea-AI Summary

WhiteHorse Finance (Nasdaq: WHF) will redeem all $34,500,000 of its outstanding 7.875% Notes due 2028 on December 15, 2026.

The redemption price is $25 per Note plus applicable accrued and unpaid interest. The Notes (Nasdaq: WHFCL) will then be delisted from the Nasdaq Global Select Market. The company expects to fund the redemption with net proceeds from additional indebtedness it intends to incur.

1 point · 0 major

MixediHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 1 point

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate point. Forward-looking: it has not happened yet and may not happen.100% redemption will retire $34,500,000 of 7.875% Notes due 2028 on December 15, 2026. 19% of market cap

Negative

• Moderate point. Forward-looking: it has not happened yet and may not happen.Additional indebtedness is planned to fund the redemption, rather than eliminating the borrowing requirement.

Key Figures

Notes redeemed: 100%, or $34,500,000 Redemption price: $25 per Note plus accrued and unpaid interest Note coupon: 7.875% +1 more

Notes redeemed

100%, or $34,500,000

Aggregate principal amount of issued and outstanding Notes

Redemption price

$25 per Note plus accrued and unpaid interest

Interest accrued to, but excluding, the Redemption Date

Note coupon

7.875%

Notes due 2028

Redemption date

December 15, 2026

Scheduled date for the Notes redemption

Key Terms

aggregate principal amount, indenture, accrued and unpaid interest, additional indebtedness

4 terms

aggregate principal amount financial

"$34,500,000 aggregate principal amount, of the issued and outstanding Notes"

The aggregate principal amount is the total amount of money borrowed through a bond or loan that the borrower promises to repay. It’s like the original price tag on a loan or bond, showing how much money is involved in the deal. This number matters because it indicates the size of the debt and helps investors understand the scale of the borrowing.

indenture financial

"in accordance with the indenture governing the Notes"

An indenture is a legal agreement between a company that borrows money by issuing bonds and the people who buy those bonds. It explains the rules the company must follow, like paying back the money and keeping certain financial promises. This document helps both sides understand their rights and responsibilities.

accrued and unpaid interest financial

"plus accrued and unpaid interest otherwise payable"

Accrued and unpaid interest is the interest that has built up on a loan or debt but hasn't been paid yet. It's like owing your friend money for a favor over time—you're expected to pay it later, even though you haven't paid it yet. This matters because it shows how much you owe beyond the original amount borrowed.

additional indebtedness financial

"with the net proceeds from additional indebtedness it intends to incur"

Any new borrowing, loan, credit facility, guarantee, letter of credit, debt instrument or similar obligation that increases a borrower’s total indebtedness beyond an agreed baseline; the phrase is used in finance and contracts to describe debt taken on in addition to existing, identified liabilities. In agreements and covenants it commonly serves as a category of obligations that is limited, permitted only up to specified amounts, or subject to lender/board consent, and may include increases to existing debt lines as well as newly created obligations that function like debt.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NEW YORK, Nov. 13, 2026 /PRNewswire/ -- WhiteHorse Finance, Inc. ("WhiteHorse Finance" or the "Company") (Nasdaq: WHF) announced that it will redeem its 7.875% Notes due 2028 (Nasdaq: WHFCL) (the "Notes"). The Company will redeem 100%, or $34,500,000 aggregate principal amount, of the issued and outstanding Notes on December 15, 2026 (the "Redemption Date"), following which the Notes will be delisted from the Nasdaq Global Select Market. The redemption price per Note will be $25 plus accrued and unpaid interest otherwise payable for the then-current quarterly interest period accrued to, but excluding, the Redemption Date. The regular quarterly interest installment due on December 15, 2026 will be paid separately to holders of record at the close of business on December 1, 2026, in accordance with the indenture governing the Notes, and will not also be paid as part of the principal redemption payment. The Company expects to fund the redemption of the Notes with the net proceeds from additional indebtedness it intends to incur.

This press release does not constitute a notice of redemption. The redemption will be effected only pursuant to the notice of redemption delivered in accordance with the indenture governing the Notes.

About WhiteHorse Finance, Inc.

WhiteHorse Finance is a business development company that originates and invests in loans to privately held, lower middle market companies across a broad range of industries. The Company's investment activities are managed by H.I.G. WhiteHorse Advisers, LLC, an affiliate of H.I.G. Capital, LLC, ("H.I.G. Capital"). H.I.G. Capital is a leading global alternative asset manager with $76 billion of capital under management* across a number of funds focused on the small and mid-cap markets. For more information about H.I.G. Capital, please visit http://www.higcapital.com. For more information about the Company, please visit http://www.whitehorsefinance.com.

Forward-Looking Statements

This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

* Based on total capital raised by H.I.G. Capital and its affiliates.

Contacts

Stuart Aronson
WhiteHorse Finance, Inc.
212-506-0500
saronson@higwhitehorse.com

or

Joyson Thomas
WhiteHorse Finance, Inc.
305-379-2322
jthomas@higwhitehorse.com

or

Robert Brinberg
Rose & Company
212-257-5932
whitehorse@roseandco.com

 

View original content:https://www.prnewswire.com/news-releases/whitehorse-finance-inc-to-redeem-7-875-notes-due-2028--302939373.html

SOURCE WhiteHorse Finance, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When will WhiteHorse Finance redeem WHFCL Notes, and at what price?

WhiteHorse Finance will redeem all outstanding WHFCL Notes on December 15, 2026 at $25 per Note plus applicable accrued and unpaid interest to, but excluding, that date. The redemption covers $34,500,000 aggregate principal amount, and the Notes will subsequently be delisted from the Nasdaq Global Select Market.

How will WhiteHorse Finance pay the December 15, 2026 interest installment on WHFCL Notes?

The regular quarterly interest installment due December 15, 2026 will be paid separately to holders of record at the close of business on December 1, 2026. That installment will not also be included in the principal redemption payment.

Does WhiteHorse Finance's WHFCL redemption announcement constitute a formal redemption notice?

The announcement does not constitute a notice of redemption. The redemption will be effected only pursuant to a notice delivered in accordance with the indenture governing the Notes.