WhiteHorse Finance Closes $100M Note Offering
Ticker: WHFCL · Form: 8-K · Filed: Jul 11, 2024 · CIK: 1552198
| Field | Detail |
|---|---|
| Company | Whitehorse Finance, Inc. (WHFCL) |
| Form Type | 8-K |
| Filed Date | Jul 11, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt-offering, financing, notes
TL;DR
WHF closed $100M in notes due 2028, raising capital for investments.
AI Summary
On July 11, 2024, WhiteHorse Finance, Inc. announced the closing of its previously disclosed offering of $7.875% notes due 2028. The company successfully raised $100 million in aggregate principal amount from this offering, which is expected to be used for general corporate purposes, including funding investments in accordance with its investment objective and strategy.
Why It Matters
This successful debt offering provides WhiteHorse Finance with additional capital, potentially enabling them to pursue new investment opportunities and manage their financial obligations.
Risk Assessment
Risk Level: medium — The company is issuing debt, which increases its financial leverage and interest expense obligations.
Key Numbers
- $100.0M — Notes Offering (Aggregate principal amount raised from the 7.875% notes due 2028.)
- 7.875% — Interest Rate (Annual interest rate on the notes due 2028.)
- 2028 — Maturity Date (Year the notes are due.)
Key Players & Entities
- WhiteHorse Finance, Inc. (company) — Registrant
- $100 million (dollar_amount) — Aggregate principal amount of notes issued
- 7.875% notes due 2028 (dollar_amount) — Type of debt offering
- July 11, 2024 (date) — Closing date of the note offering
FAQ
What was the total principal amount of the notes offered by WhiteHorse Finance?
WhiteHorse Finance, Inc. closed its offering of $7.875% notes due 2028 with an aggregate principal amount of $100 million.
When did WhiteHorse Finance close its note offering?
The note offering was closed on July 11, 2024.
What is the interest rate on the notes due 2028?
The notes due 2028 carry an interest rate of 7.875%.
What does WhiteHorse Finance intend to use the proceeds from the note offering for?
The proceeds are intended to be used for general corporate purposes, including funding investments in accordance with its investment objective and strategy.
What is the maturity date of the notes issued by WhiteHorse Finance?
The notes issued by WhiteHorse Finance mature in 2028.
Filing Stats: 538 words · 2 min read · ~2 pages · Grade level 10.6 · Accepted 2024-07-11 16:17:24
Key Financial Figures
- $0.001 — h Registered Common Stock, par value $0.001 per share WHF The Nasdaq Stock Mark
Filing Documents
- whf-20240711x8k.htm (8-K) — 42KB
- whf-20240711xex99d1.htm (EX-99.1) — 8KB
- whf-20240711xex99d1001.jpg (GRAPHIC) — 9KB
- 0001558370-24-009763.txt ( ) — 223KB
- whf-20240711.xsd (EX-101.SCH) — 4KB
- whf-20240711_def.xml (EX-101.DEF) — 14KB
- whf-20240711_lab.xml (EX-101.LAB) — 20KB
- whf-20240711_pre.xml (EX-101.PRE) — 15KB
- whf-20240711x8k_htm.xml (XML) — 7KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. On July 11, 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 July 11, 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: July 11, 2024 WHITEHORSE FINANCE, INC. By: /s/ Joyson C. Thomas Joyson C. Thomas Chief Financial Officer