WhiteHorse Finance Closes Note and Stock Offerings

TL;DR

WHF closed $7.875M notes and $29.1M stock offering, boosting capital.

AI Summary

WhiteHorse Finance, Inc. announced on April 16, 2024, the closing of its previously announced offering of $7.875 million aggregate principal amount of its 7.875% Notes due 2028. The company also announced the closing of its previously announced offering of 2,200,000 shares of its common stock at a public offering price of $14.00 per share, resulting in net proceeds of approximately $29.1 million.

Why It Matters

The successful closing of these offerings provides WhiteHorse Finance with additional capital, potentially strengthening its financial position and ability to fund future investments.

Risk Assessment

Risk Level: medium — The company is raising significant capital through debt and equity, which can introduce financial leverage and dilution risks.

Key Numbers

• $7.875M — Notes Offering (Aggregate principal amount of 7.875% Notes due 2028 closed.)
• $29.1M — Stock Offering Net Proceeds (Approximate net proceeds from the common stock offering.)
• 2,200,000 — Shares Offered (Number of common stock shares sold in the offering.)
• $14.00 — Stock Offering Price (Price per share for the common stock offering.)

Key Players & Entities

• WhiteHorse Finance, Inc. (company) — Registrant
• 7.875% Notes due 2028 (debt_instrument) — Notes offered
• $7.875 million (dollar_amount) — Principal amount of notes
• 2,200,000 shares (share_count) — Common stock offered
• $14.00 per share (dollar_amount) — Public offering price of common stock
• $29.1 million (dollar_amount) — Net proceeds from stock offering
• April 16, 2024 (date) — Date of report and closing

FAQ

Key Financial Figures

• $0.001 — h Registered Common Stock, par value $0.001 per share WHF The Nasdaq Stock Mark

Filing Documents

• whf-20240416x8k.htm (8-K) — 42KB
• whf-20240416xex99d1.htm (EX-99.1) — 8KB
• whf-20240416xex99d1001.jpg (GRAPHIC) — 9KB
• 0001558370-24-005186.txt ( ) — 309KB
• whf-20240416.xsd (EX-101.SCH) — 5KB
• whf-20240416_def.xml (EX-101.DEF) — 14KB
• whf-20240416_lab.xml (EX-101.LAB) — 3KB
• whf-20240416_pre.xml (EX-101.PRE) — 15KB
• whf-20240416x8k_htm.xml (XML) — 7KB

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. On April 16, 2024, the Company issued a press release, a copy of which is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. The information in Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1 furnished herewith, is being furnished and shall not be deemed "filed" for any purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of such Section. The information in this Current Report on Form 8-K shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits (d) Exhibits 99.1 Press Release of WhiteHorse Finance, Inc. dated April 16, 2024 . 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: April 16, 2024 WHITEHORSE FINANCE, INC. By: /s/ Joyson C. Thomas Joyson C. Thomas Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR