NEW YORK, Oct. 20, 2020 /PRNewswire/ — WhiteHorse Finance, Inc. (“WhiteHorse Finance” or the “Firm”) (Nasdaq: WHF) right this moment introduced that it has bought in a non-public providing, $40.zero million combination principal quantity of its 5.375% Notes due 2025 (the “2025 Notes”). The 2025 Notes have been provided solely to certified institutional patrons (as outlined within the Securities Act of 1933, as amended (the “Securities Act”)) in reliance on Part four(a)(2) of the Securities Act. The Firm intends to make use of the online proceeds from this providing to refinance and/or redeem present debt and/or for normal company functions.
The 2025 Notes are unsecured and bear curiosity at a fee of 5.375% per yr, payable semiannually. This rate of interest is topic to extend (as much as 6.375%) within the occasion that, topic to sure exceptions, the 2025 Notes stop to have an funding grade score. The 2025 Notes will mature on October 20, 2025, except redeemed, bought or pay as you go previous to such date by the Firm or its associates in accordance with their phrases.
The 2025 Notes haven’t and won’t be registered underneath the Securities Act, and the 2025 Notes might not be provided or bought absent registration or an relevant exemption from the registration necessities of the Securities Act.
About WhiteHorse Finance, Inc.
WhiteHorse Finance, Inc. is a enterprise growth firm that originates and invests in loans to privately held, decrease center market corporations throughout a broad vary of industries. The Firm’s funding actions are managed by its funding adviser, H.I.G. WhiteHorse Advisers, LLC, an affiliate of H.I.G. Capital, LLC (“H.I.G. Capital”). H.I.G. Capital is a number one world different asset supervisor with roughly $40 billion of capital underneath administration* throughout plenty of funds centered on the small and mid-cap markets. For extra details about H.I.G. Capital, please go to http://www.higcapital.com. For extra details about the Firm, please go to http://www.whitehorsefinance.com.
This press launch might comprise “forward-looking statements” throughout the which means of the Non-public Securities Litigation Reform Act of 1995. Statements aside from statements of historic information included on this press launch might represent forward-looking statements and are usually not ensures of future efficiency or outcomes and contain plenty of dangers and uncertainties. Precise outcomes might differ materially from these within the forward-looking statements on account of plenty of elements, together with these described once in a while in filings with the Securities and Alternate Fee. The Firm undertakes no responsibility to replace any forward-looking assertion made herein. All forward-looking statements communicate solely as of the date of this press launch.
* Based mostly on whole capital commitments managed by H.I.G. Capital and associates.
WhiteHorse Finance, Inc.
WhiteHorse Finance, Inc.
SOURCE WhiteHorse Finance, Inc.