Trade WhiteHorse Finance Inc - WHF CFD

WhiteHorse Finance, Inc. Company profile

About WhiteHorse Finance Inc

WhiteHorse Finance, Inc. is an externally managed, non-diversified, closed-end management investment company, which is treated as a business development company. The Company’s investment objective is to generate risk-adjusted returns primarily by originating and investing in senior secured loans, including first lien and second lien facilities, to performing lower middle market companies across a range of industries that typically carry a floating interest rate based on a risk-free index rate, such as the London Interbank Offered Rate (LIBOR) and have a term of three to six years. The Company’s investment activities are managed by H.I.G. WhiteHorse Advisers, LLC and H.I.G. WhiteHorse Administration, LLC, provides administrative services.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, WhiteHorse Finance Inc revenues increased 17% to $72.1M. Net income decreased 5% to $30.1M. Revenues reflect Interest income increase of 11% to $59.8M, From controlled affilia Dividend Income increase from $1.8M to $4.9M, Interest income increase of 27% to $3.3M. Net income was offset by Non-controlled/non-affiliate company inv decrease from $4.7M (income) to $9.5M (expense).

Equity composition

Common Stock $0.001 Par, Shares auth. 100M and o/s after the offering 14,965,624. Insiders own approx. 2.36% (after the IPO).(if no IPO information is provided use TBA)