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WhiteHorse Finance, Inc. Provides Update on Portfolio Activity And Announces Date of First Quarter 2022 Financial Results
NEW YORK, May 3, 2022 /PRNewswire/ -- WhiteHorse Finance, Inc. ("WhiteHorse Finance" or the "Company") (Nasdaq: WHF) today provided an update on portfolio
About this update from Whitehorse Finance, Inc.
[{"type":"text","content":"NEW YORK, May 3, 2022 /PRNewswire/ -- WhiteHorse Finance, Inc. (\"WhiteHorse Finance\" or the \"Company\") (Nasdaq: WHF) today provided an update on portfolio activity for the first quarter of 2022 and announced the date of its upcoming conference call to discuss the results of the quarter.\nPortfolio Update\nDuring the three months ended March 31, 2022, the Company had gross deployments of approximately $86.1 million and sales and principal repayments of approximately $47.7 million prior to the effects of transferring investments to the WHF STRS Ohio Senior Loan Fund LLC joint venture (\"STRS JV\"). The gross deployments of $86.1 million were comprised of $69.5 million in six new portfolio companies and $16.6 million in various add-on investments. The $47.7 million of sales and principal repayments were primarily driven by realizations in five portfolio companies including LHS Borrower, LLC, DCA Investment Holding, LLC, Epiphany Business Services, LLC, AST-Applications Software Technology LLC and Grupo HIMA San Pablo, Inc.\nThe Company estimates total investments at fair value to have decreased to approximately $800 million during the three months ended March 31, 2022 after factoring in purchases of investments, sales of securities, principal repayments, net fundings on revolvers and net change in unrealized gains (losses). The Company also estimates net asset value as of March 31, 2022 to be in the range of $14.97 to $15.01 per share. During the three months ended March 31, 2022, the realization from Grupo HIMA San Pablo, Inc. generated an approximate $6.9 million net loss, or approximately a net loss of 29.8 cents per share.\nWhiteHorse Finance to Report First Quarter 2022 Results\nThe Company will release its first quarter financial results for the period ended March 31, 2022 on Tuesday, May 10, 2022. The Company will discuss its financial results on a conference call that day at 12:00 p.m. ET.\nTo access the teleconference, please dial 866-518-6930 (domestic and international) approximately 10 minutes before the teleconference's scheduled start time and reference ID #WHFQ122. Investors may also access the call on the investor relations portion of the Company's website at www.whitehorsefinance.com.\nIf you are unable to access the live teleconference, a replay will be available beginning approximately two hours after the cal...