Welcome to our dedicated page for WhiteHorse Finance SEC filings (Ticker: WHF), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
WhiteHorse Finance, Inc. filings document regulatory disclosures for a business development company with common stock and listed 7.875% notes due 2028 on Nasdaq. Recent Form 8-K reports cover results of operations, quarterly and special distributions, Regulation FD earnings presentations, and financial-results announcements.
The filing record also includes material agreement disclosures involving WhiteHorse Finance Credit I, LLC and amendments to its loan arrangements, as well as governance and reporting matters such as changes in the registrant's certifying accountant. These filings provide formal disclosure on portfolio-manager obligations, capital structure, debt securities, board and audit-committee actions, and public-company reporting controls.
WhiteHorse Finance, Inc. (WHF) disclosed that its board of directors has formed a special committee of independent directors to explore strategic alternatives for the company, which could include a sale or other corporate transaction. The special committee has not set a timetable and may ultimately decide not to pursue any transaction. The company stated it does not plan to provide further updates on the review until a definitive course of action is approved, the review has concluded, or additional disclosure is considered appropriate or required by law.
WhiteHorse Finance, Inc. is registering up to $240,905,146 of common stock, preferred stock, warrants, subscription rights, debt securities and units under a shelf registration that may be offered from time to time. In addition, 3,976,258 existing common shares may be sold by a selling stockholder, from which WhiteHorse Finance will receive no proceeds.
The company is an externally managed business development company focused on originating senior secured loans, mainly first- and second-lien, to U.S. lower middle market companies with enterprise values of $50–$350 million. As of December 31, 2025, the investment portfolio had a fair value of $578.6 million across 129 positions in 68 companies. H.I.G. Capital affiliates manage and administer the platform, with approximately $72 billion of capital under management as of December 31, 2025.
WhiteHorse Finance uses leverage, operating under a reduced 150% asset coverage requirement; asset coverage was 177.0% at June 30, 2026. At that date it had $174.0 million outstanding under a 2025 CLO securitization, $109.5 million in public notes and $45.0 million in private notes. Net asset value was $11.77 per share on June 30, 2026, while the Nasdaq closing price on August 14, 2026 was $7.07, implying the stock traded at a substantial discount to NAV.
WhiteHorse Finance, Inc. filed its quarterly report for the period ended June 30, 2026. The company reports total investments at fair value of $569.2 million (in debt and equity positions across numerous portfolio companies) against an amortized cost of $594.3 million. Total assets are $604.1 million, including cash and cash equivalents of $8.5 million, restricted cash of $19.5 million, and restricted foreign currency of $0.1 million. On the liability side, debt totals $324.4 million (net of unamortized issuance costs), with additional items such as distributions payable of $5.4 million, management and incentive fees payable, and advances on unfunded credit facilities. The company also records a small unrealized appreciation on foreign currency forward contracts. As of August 10, 2026, 21,476,471 shares of common stock were outstanding.
WhiteHorse Finance, Inc. reported that on August 10, 2026 it released a press release announcing a quarterly distribution and its financial results for the second quarter ended June 30, 2026. The press release is provided as Exhibit 99.1 and is incorporated by reference.
The company also prepared an earnings presentation intended for use by its representatives, furnished as Exhibit 99.2 and likewise incorporated by reference. The information associated with these exhibits is being furnished rather than filed under the Exchange Act and is not automatically incorporated into other Securities Act or Exchange Act documents, except where specifically referenced. The company also notes that its communications may include forward-looking statements subject to risks and uncertainties described in its SEC reports.
WhiteHorse Finance, Inc. held its annual meeting of stockholders on August 3, 2026. Holders of 21,476,471 shares of common stock were entitled to vote, based on the June 8, 2026 record date. Stockholders approved all proposals presented.
Three Class II directors – Stuart Aronson, Jay Carvell and Rick P. Frier – were elected to serve until the 2029 annual meeting of stockholders or until a successor is elected and qualifies. Stockholders also ratified the selection of Deloitte & Touche LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026, with 12,319,626 votes for, 323,144 against and 162,939 abstentions.
WhiteHorse Finance, Inc. plans to release its second quarter 2026 financial results for the period ended June 30, 2026 on August 11, 2026, and to discuss them on a conference call that day at 1:30 p.m. ET.
Investors can join via domestic dial-in 800-267-6316 or international +1 203-518-9783, with teleconference and webcast replays available through August 18, 2026. WhiteHorse Finance operates as a business development company focused on loans to privately held, lower middle market companies, with investment activities managed by H.I.G. WhiteHorse Advisers, an affiliate of H.I.G. Capital, which has over $75 billion of capital under management.
WhiteHorse Finance, Inc., an externally managed business development company, is registering up to $240,905,146 of common stock, preferred stock, warrants, subscription rights, debt securities and units to be offered from time to time. In addition, 3,976,258 shares of common stock held by a selling stockholder are registered for resale, with WhiteHorse Finance receiving no proceeds from those secondary sales.
The company targets senior secured loans, mainly first- and second-lien facilities, to U.S. lower middle market companies with enterprise values of $50 million to $350 million. As of December 31, 2025, the investment portfolio spanned 129 positions in 68 companies with aggregate fair value of $578.6 million, largely in below-investment-grade debt. WhiteHorse Finance is advised and administered by H.I.G. WhiteHorse affiliates, leveraging H.I.G. Capital’s lower middle market credit platform.
As a BDC, WhiteHorse Finance operates under a reduced asset coverage requirement of 150%, with reported asset coverage for borrowed amounts of 176.2% at March 31, 2026. At that date it had $174.0 million outstanding under its 2025 CLO securitization, $109.5 million in Public Notes and $45.0 million in Private Notes. The common stock had a net asset value of $11.47 per share on March 31, 2026 versus a Nasdaq Global Select Market closing price of $6.43 on July 10, 2026, illustrating a significant market discount to NAV.
WhiteHorse Finance, Inc. director-associated entities increased their indirect holdings through two open-market purchases of common stock. On June 18, 2026, entities linked to director John Bolduc bought a total of 15,380 shares at a weighted average price of $6.49 per share. After these transactions, the entities collectively held 317,297 shares of WhiteHorse Finance common stock indirectly. The filing notes these shares are owned by Bolduc Family LP and Bolduc Investments X, LLC, and Mr. Bolduc disclaims beneficial ownership except to the extent of his pecuniary interest.
WhiteHorse Finance, Inc. is holding its 2026 Annual Meeting as a fully virtual event on August 3, 2026 at 10:00 a.m. Eastern via www.virtualshareholdermeeting.com/WHF2026. Shareholders will vote to elect three Class II directors and to ratify Deloitte & Touche LLP as independent auditor for 2026.
Shareholders of record on June 8, 2026, when 21,476,471 common shares were outstanding, are entitled to one vote per share. The board, including all independent directors, unanimously recommends voting for all director nominees and for ratifying Deloitte. Crowe LLP was dismissed as auditor, with prior audit opinions unqualified and no reported disagreements.