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Security Profile
- Security Type
- Business Development Company
- CUSIP
- 96524V106
- Market Cap
- Small Cap
- IPO
- 12/4/2012 · $15.00/share
Fund Description: WhiteHorse Finance, Inc. is an externally managed, non-diversified, closed-end management investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. The Company's investment objective is to generate risk-adjusted returns primarily by originating secured loans to small-capitalization, or small-cap, companies across a broad range of industries, providing our stockholders with current income and capital appreciation. WhiteHorse expects its investment size to range from $10 million to $50 million, with target businesses typically exhibiting some or all of the following characteristics: enterprise value of between $50 million and $350 million; organized in the United States; an experienced management team; stable and predictable free cash flows; discernible downside protection through recurring revenue or strong tangible asset coverage; products and services with distinctive competitive advantages or other barriers to entry; low technology and market risk; strong customer relationships. The advisor expects the proceeds of its loans will be used for a variety of purposes, including refinancings of existing debt, acquisition financing, or working capital to support growth or realignment. While the advisor intends to focus principally on originating senior secured loans, including first lien and second lien facilities, they may also opportunistically make investments at other levels of a company's capital structure, including mezzanine loans or equity interests. H.I.G. WhiteHorse Advisers, LLC will serve as the investment adviser.
Notes: From the form N-23C-2 filed with the SEC on 7/9/2018 -- The undersigned hereby notifies the Securities and Exchange Commission that it intends to redeem securities of which it is the issuer, as set forth below in accordance with the requirements of Rule 23c-2 under the Investment Company Act of 1940, as amended. (1) Title of the class of securities of WhiteHorse Finance, Inc. to be redeemed: 6.50% Senior Notes due 2020 (CUSIP: 96524V 205). (2) Date on which the securities are to be redeemed: August 9, 2018. (3) Applicable provisions of the governing instrument pursuant to which the securities are to be redeemed:The Notes are to be redeemed pursuant to Article Ten of the Company’s indenture governing the Notes, dated as of July 23, 2013, between the Company and American Stock Transfer & Trust Company, LLC. (4) The principal amount or number of shares and the basis upon which the securities to be redeemed are to be selected: The Company will redeem 100 % of the outstanding Notes ($30,000,000 aggregate principal amount) pursuant to the terms of the Indenture.
Company Contact
- CEO
- Stuart Aronson
- CFO
- Joyson Thomas
- Headquarters
- 1450 Brickell Avenue, 31st Floor, Miami, FL 33131
- Phone
- 305-381-6999
- Fax
- 305-379-2013
- Investor Relations
- Brian Schaffer, Prosek Partners · 212-506-0500 · saronson@higwhitehorse.com