Business
WhiteHorse Finance, Inc. Announces Pricing of Public Offering of $75 million 4.00% Notes Due 2026
NEW YORK, Nov. 19, 2021 /PRNewswire/ -- WhiteHorse Finance, Inc., a business development company (the "Company") (Nasdaq: WHF), today announced that it has
About this update from Whitehorse Finance, Inc.
[{"type":"text","content":"NEW YORK, Nov. 19, 2021 /PRNewswire/ -- WhiteHorse Finance, Inc., a business development company (the \"Company\") (Nasdaq: WHF), today announced that it has priced a registered public offering of $75 million in aggregate principal amount of its 4.00% notes due 2026 (the \"Notes\"), which will result in net proceeds to the Company of approximately $73.3 million, after deducting underwriting discounts and commissions and estimated offering expenses payable by the Company. The Notes will mature on December 15, 2026 and may be redeemed in whole or in part at the Company's option at any time at par plus a \"make-whole\" premium, if applicable. The Notes will bear interest at a rate of 4.00% per year, payable semi-annually every June 15 and December 15, commencing June 15, 2022. The offering is expected to close on November 24, 2021, subject to customary closing conditions. \n\n \n \n \n \n \n \n\n \nThe Company intends to use all or substantially all of the net proceeds from the offering to repay amounts outstanding under its existing indebtedness, including $35 million aggregate principal amount of its 6.50% unsecured notes due 2025, to fund new investments in accordance with its investment objective and strategies and for general corporate purposes.\nRaymond James & Associates, Inc. is serving as sole book-running manager for the offering. B. Riley Securities, Inc., Deutsche Bank Securities Inc., Hovde Group, LLC, Ladenburg Thalmann & Co. Inc. and Oppenheimer & Co. Inc. are acting 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 pricing term sheet, dated November 19, 2021, the preliminary prospectus supplement, dated November 19, 2021, and the accompanying prospectus, dated June 11, 2019, each of which has been filed with the Securities and Exchange 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 securities 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 jurisd...