WhiteHorse Finance Inc (OQ:WHF)

Sector:  Financials Industry:  Closed End Funds
 
See Regulatory Filings on SEC
Company Contact
Address: 1450 Brickell Avenue, 31st Floor
MIAMI FL 33131
Tel: N/A
Website: https://www.whitehorsefinance.com/overview/default.aspx
IR: See website
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Key People
John P. Bolduc
Chairman of the Board 		Stuart D. Aronson
Chief Executive Officer, Director 		Joyson C. Thomas
Chief Financial Officer
Marco A. Collazos
Chief Compliance Officer 		   
Business Overview
WhiteHorse Finance, Inc. is an externally managed, non-diversified, closed-end management investment company. The Company's investment objective is to generate attractive 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 broad range of industries. The Company is focused principally on originating senior secured loans to lower middle market companies. It also makes opportunistic investments at other levels of a company's capital structure, including mezzanine loans or equity interests, and in companies outside the United States based lower middle market. The Company's investment advisor is H.I.G. WhiteHorse Advisers, LLC.
Financial Overview
For the fiscal year ended 31 December 2023, WhiteHorse Finance Inc revenues increased 18% to $103.3M. Net income increased 30% to $20.4M. Revenues reflect Interest income increase of 13% to $78.5M, Interest income increase of 49% to $9.5M, Dividend income increase of 50% to $450K. Net income benefited from Net realized gains (losses) increase from $15.7M (expense) to $309K (income).
Reporting Currency: U.S. Dollars
Enterprise value: $672.28M as of Dec 31, 2023
Annual revenue (TTM): $103.26M as of Dec 31, 2023
EBITDA (TTM): $42.71M as of Dec 31, 2023
Net annual income (TTM): $20.41M as of Dec 31, 2023
Free cash flow (TTM): $55.04M as of Dec 31, 2023
Net Debt Last Fiscal Year: $375.70M as of Dec 31, 2023
Shares outstanding: 23,243,088 as of Feb 26, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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