WhiteHorse Finance, Inc. Announces Price for Public Offering of Common Stock

NEW YORK, Oct 21, 2021 / PRNewswire / – WhiteHorse Finance, Inc., a business development company (the “Company”) (Nasdaq: WHF), announced today that there has been an initial subscription offer of 1,900,000 shares of common stock at a public offering price of $ 15.81 per share, which gives the company net proceeds of approx. $ 29.1 million, after deducting subscription discounts and commissions payable by the Company and the estimated offering costs payable by the Company. The company’s investment advisor has agreed to bear part of the subscription discounts and commissions in connection with the company’s offering of shares. The Company is under no obligation to repay the amounts paid by the Investment Adviser. In addition, in connection with this proposed offer, the Company has granted the underwriters a 30-day option to purchase up to 285,000 additional common shares to cover any over-allotments. The offer is expected to end on October 25, 2021, subject to customary closing conditions.

The Company intends to use all or substantially all of the net proceeds from the Offering to invest in portfolio companies in accordance with its investment objectives and strategies and for general corporate purposes.

Raymond James & Associates, Inc., Deutsche Bank Securities and Keefe, Bruyette & Woods, A Stifel Company, are acting as joint book-running managers for the offering. B. Riley Securities, Inc., Ladenburg Thalmann & Co. Inc., Oppenheimer & Co. Inc. and Hovde Group, LLC are acting as co-managers for the offering.

Investors are advised to carefully consider the investment objectives, risks, and fees and expenses of the Company prior to investing. The preliminary supplement to the prospectus, dated the 20th of October, 20th21 and the enclosed prospectus, dated June 11th, 2019 filings with the Securities and Exchange Commission contain this and other information about the company and should be read carefully before investing.

This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor will there be a sale of the shares identified in this press release in any state or jurisdiction in which such offer, solicitation or sale is prior would be unlawful to register or qualify under the securities laws of that state or jurisdiction.

The offer may only be made by means of a prospectus and the associated prospectus supplement, which is available from the joint accounting administrators at: Raymond James & Associates, Inc., 880 Carillon Parkway, St. Petersburg, FL 33716, phone: (800) 248-8863, email: [email protected]; Deutsche Bank Securities Inc., Prospectus Group, 60 Wall Street, New York, NY 10005, phone: (800) 503-4611, email: [email protected]; and Keefe, Bruyette & Woods, Inc., Equity Capital Markets, 787 Seventh Avenue, 4th Floor, New York, NY 10019, phone: (800) 966-1559, email: [email protected].

About WhiteHorse Finance, Inc.

WhiteHorse Finance, Inc. is a business development company that lends and invest in privately held lower middle class companies in a variety of industries. The company’s investment activities are managed by HIG WhiteHorse Advisers, LLC, a subsidiary of HIG Capital, LLC (“HIG Capital”). HIG Capital is a leading global alternative asset manager with over $ 45 billion of capital under management * across a range of funds with a focus on the small and mid-cap markets. More information about HIG Capital can be found at http://www.higcapital.com. You can find more information about the company at http://www.whitehorsefinance.com.

Forward-Looking Statements

This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than historical facts in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results could differ materially from those in the forward-looking statements due to a number of factors, including those described in filings with the Securities and Exchange Commission from time to time. The company assumes no obligation to update any forward-looking statements made herein. All forward-looking statements speak only as of the date of this press release.


Stuart Aronson
WhiteHorse Finance, Inc.
[email protected]

Joyson Thomas
WhiteHorse Finance, Inc.
[email protected]

* Based on total capital commitments managed by HIG Capital and affiliates.

SOURCE WhiteHorse Finance, Inc.

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