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WHF - WhiteHorse Finance, Inc.

WhiteHorse Finance, Inc. logo WhiteHorse Finance, Inc. (WHF) is a business development company (BDC) that primarily invests in middle-market companies in the United States. The company's investment objective is to generate attractive risk-adjusted returns for its shareholders by investing in debt and equity securities of private middle-market companies.

WHF's investment portfolio consists of a diversified mix of investments in first-lien and second-lien secured loans, unsecured loans, mezzanine debt, and equity securities. The company invests in a broad range of industries, including healthcare, manufacturing, distribution, and technology. As of December 31, 2021, WHF's investment portfolio had a fair value of appproximately $764 million and was invested in 53 portfolio companies.

WHF is externally managed by H.I.G. WhiteHorse Advisers, LLC, which is a subsidiary of H.I.G. Capital, LLC. The management team has significant experience in the middle-market lending industry and focuses on identifying opportunities to invest in companies that have strong market positions, attractive growth prospects, and solid financial profiles.

In terms of financial performance, WHF has generated solid returns for its shareholders over the years. As of December 31, 2021, the company had a net asset value (NAV) per share of $14.91, which represents an increase of approximately 4.4% compared to the prior year. WHF has also consistently paid quarterly dividends to its shareholders since its IPO in 2012. As of December 31, 2021, the company's dividend yield was approximately 7.8%.

It's worth noting that as a BDC, WHF is required to distribute at least 90% of its taxable income to its shareholders in the form of dividends, which means that the company's dividend payments may fluctuate based on its taxable income. Additionally, as with any investment, there are inherent risks involved, and investors should carefully consider their investment objectives, risk tolerance, and other factors before investing in WHF or any other security.

In summary, WHF is a BDC that primarily invests in middle-market companies in the United States. The company's investment portfolio is diversified across a range of industries, and it is managed by an experienced management team. While WHF has generated solid returns for its shareholders in the past, there are inherent risks involved with investing in BDCs, and investors should carefully evaluate their investment objectives and risk tolerance before investing in WHF or any other security.

 



 

 

 
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