Business
WhiteHorse Finance, Inc. Announces Pricing of Public Offering by Selling Stockholders
NEW YORK, Dec. 5, 2019 /PRNewswire/ -- WhiteHorse Finance, Inc., a business development company (the "Company") (Nasdaq: WHF), today announced that certain of
About this update from Whitehorse Finance, Inc.
[{"type":"text","content":"NEW YORK, Dec. 5, 2019 /PRNewswire/ -- WhiteHorse Finance, Inc., a business development company (the \"Company\") (Nasdaq: WHF), today announced that certain of its stockholders (the \"Selling Stockholders\"), which are funds affiliated with H.I.G. Capital, LLC (\"H.I.G. Capital\"), have priced an underwritten, public offering of 2,250,000 shares of common stock of the Company at a public offering price of $13.83 per share pursuant to the Company's shelf registration statement, which was filed with, and has been declared effective by, the Securities and Exchange Commission (the \"Commission\").\nThe offering is expected to close on December 9, 2019, subject to customary closing conditions. The Selling Stockholders have also granted the underwriters an option to purchase up to an additional 337,500 shares of common stock of the Company to cover over-allotments, if any. The Company will not receive any proceeds from the sale of shares in the offering.\nRaymond James, Keefe, Bruyette & Woods, Inc., A Stifel Company, and Deutsche Bank Securities are serving as joint book-running managers for the offering. Ladenburg Thalmann, Oppenheimer & Co., B. Riley FBR and National Securities Corporation, a wholly owned subsidiary of National Holdings Corporation (Nasdaq:NHLD), are serving as co-managers for the offering. \nInvestors are advised to carefully consider the investment objectives, risks and charges and expenses of the Company before investing. The preliminary prospectus supplement dated December 4, 2019 and the accompanying prospectus dated June 11, 2019, which have been filed with the Commission, contain this and other information about the Company and should be read carefully before investing.\nThis press release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the shares referred to in this press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.\nThe offering may be made only by means of a prospectus and a related prospectus supplement, copies of which may be obtained from the joint book-running managers at: Raymond James & Associates, Inc., 880 Carillon Parkway, St. Petersburg, FL 33716, telephone: (800) 248-8863, em...