WhiteHorse Finance, Inc. 7.875% Notes due 2028 (NASDAQ: WHFCL) are senior unsecured obligations of WhiteHorse Finance, Inc., an externally managed business development company (BDC). These notes carry a fixed interest rate of 7.875% per annum and mature in 2028. They were issued to provide the company with long-term capital to support its lending activities and general corporate purposes, ranking equally with all other unsecured and unsubordinated debt of the issuer.
WhiteHorse Finance, Inc. operates as a closed-end BDC, investing primarily in first-lien secured loans, unitranche and second-lien debt instruments, as well as select equity co-investments in U.S. middle-market companies. The company focuses on sponsor-backed transactions in diverse industries, aiming to generate current income and capital appreciation for its shareholders. As an externally managed vehicle, WhiteHorse Finance relies on the expertise of its adviser and investment team to source, underwrite and monitor portfolio investments.
Founded in 2015 and headquartered in St. Louis, Missouri, WhiteHorse Finance, Inc. has assembled a team of credit professionals with experience across business services, healthcare, industrials and technology sectors. Leadership is led by CEO Thomas Caton, who brings over two decades of direct lending and private credit experience. The company’s board of directors includes independent members with backgrounds in finance, risk management and corporate governance, overseeing strategy and compliance.
WhiteHorse Finance’s issuance of the 7.875% Notes due 2028 reflects its strategy to diversify funding sources and extend debt maturities while maintaining a strong focus on risk-adjusted returns. The notes trade under the ticker WHFCL on the Nasdaq Capital Market and may appeal to investors seeking a fixed-rate instrument backed by a manager-led portfolio of middle-market credit investments.
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