WhiteHorse Finance Closes $75M Notes Offering
Ticker: WHFCL · Form: 8-K · Filed: Oct 15, 2024 · CIK: 1552198
| Field | Detail |
|---|---|
| Company | Whitehorse Finance, Inc. (WHFCL) |
| Form Type | 8-K |
| Filed Date | Oct 15, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt-offering, financing, notes
TL;DR
WHF closed $75M in 2028 notes, boosting capital for investments.
AI Summary
WhiteHorse Finance, Inc. announced on October 15, 2024, the closing of its offering of 7.875% notes due 2028. The company issued $75 million aggregate principal amount of these notes, which mature on October 15, 2028. This offering is expected to enhance the company's liquidity and support its investment activities.
Why It Matters
This offering provides WhiteHorse Finance with additional capital, potentially enabling further investments and growth, while also extending its debt maturity profile.
Risk Assessment
Risk Level: medium — The issuance of new debt increases the company's leverage and financial obligations.
Key Numbers
- $75.0M — Notes Offering (Aggregate principal amount of 7.875% notes due 2028 issued.)
- 7.875% — Interest Rate (Coupon rate on the notes due 2028.)
- 2028 — Maturity Year (Year the notes are due.)
Key Players & Entities
- WhiteHorse Finance, Inc. (company) — Registrant
- 7.875% notes due 2028 (dollar_amount) — Debt instrument issued
- $75 million (dollar_amount) — Aggregate principal amount of notes
- October 15, 2024 (date) — Closing date of the offering
- October 15, 2028 (date) — Maturity date of the notes
FAQ
What was the aggregate principal amount of the notes issued?
The aggregate principal amount of the 7.875% notes due 2028 issued was $75 million.
When did the offering of these notes close?
The offering of the 7.875% notes due 2028 closed on October 15, 2024.
What is the maturity date of the notes?
The notes mature on October 15, 2028.
What is the interest rate on the notes?
The interest rate on the notes is 7.875% per annum.
What is the primary purpose of this note issuance for WhiteHorse Finance?
The filing indicates the offering is expected to enhance liquidity and support the company's investment activities.
Filing Stats: 695 words · 3 min read · ~2 pages · Grade level 11.3 · Accepted 2024-10-15 07:30:21
Key Financial Figures
- $0.001 — h Registered Common Stock, par value $0.001 per share WHF The Nasdaq Stock Mark
Filing Documents
- whf-20241015x8k.htm (8-K) — 44KB
- whf-20241015xex99d1.htm (EX-99.1) — 9KB
- whf-20241015xex99d1001.jpg (GRAPHIC) — 9KB
- 0001558370-24-013274.txt ( ) — 227KB
- whf-20241015.xsd (EX-101.SCH) — 4KB
- whf-20241015_def.xml (EX-101.DEF) — 14KB
- whf-20241015_lab.xml (EX-101.LAB) — 20KB
- whf-20241015_pre.xml (EX-101.PRE) — 15KB
- whf-20241015x8k_htm.xml (XML) — 7KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. On October 15, 2024, WhiteHorse Finance, Inc. (the "Company") issued a press release announcing (i) a special distribution and (ii) November 7, 2024 as the anticipated date of release of the Company's third quarter financial results for the period ended September 30, 2024. A copy of this press release 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.
Forward-Looking Statements
Forward-Looking Statements This Current Report on Form 8-K may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this Current Report on Form 8-K may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this Current Report on Form 8-K.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (d) Exhibits 99.1 Press Release of WhiteHorse Finance, Inc. dated October 15, 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: October 15, 2024 WHITEHORSE FINANCE, INC. By: /s/ Joyson C. Thomas Joyson C. Thomas Chief Financial Officer