0001552198false0001552198whfcl:SevenPointEightSevenFivePercentNotesDueTwentyTwentyEightMember2024-10-152024-10-150001552198us-gaap:CommonStockMember2024-10-152024-10-1500015521982024-10-152024-10-15

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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FORM 8-K

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CURRENT REPORT

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Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

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Date of Report (Date of earliest event reported): October 15, 2024

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WhiteHorse Finance, Inc.

(Exact name of registrant as specified in its charter)

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Delaware

 

814-00967

 

45-4247759

(State or other jurisdiction
of incorporation)

 

(Commission
File Number)

 

(IRS Employer
Identification Number)

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1450 Brickell Avenue, 31st Floor
Miami, Florida

 

33131

(Address of principal executive offices)

 

(Zip Code)

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(305) 381-6999

(Registrant’s telephone number, including area code)

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Not Applicable

(Former Name or Former Address, if changed since last report)

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

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☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

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☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

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☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

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☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Securities registered pursuant to Section 12(b) of the Act:

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Title of Each Class

Trading Symbol(s)

Name of Each Exchange on Which
Registered

Common Stock, par value $0.001 per share

WHF

The Nasdaq Stock Market LLC
(Nasdaq Global Select Market)

7.875% Notes due 2028

WHFCL

The Nasdaq Stock Market LLC
(Nasdaq Global Select Market)

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

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Emerging growth company  ☐

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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

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Item 7.01. Regulation FD Disclosure.

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On October 15, 2024, WhiteHorse Finance, Inc. (the “Company”) issued a press release announcing (i) a special distribution and (ii) November 7, 2024 as the anticipated date of release of the Company’s third quarter financial results for the period ended September 30, 2024. A copy of this press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

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The information in Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1 furnished herewith, is being furnished and shall not be deemed “filed” for any purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of such Section. The information in this Current Report on Form 8-K shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Forward-Looking Statements

This Current Report on Form 8-K may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this Current Report on Form 8-K may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this Current Report on Form 8-K.

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Item 9.01. Financial Statements and Exhibits

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(d) Exhibits

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99.1

Press Release of WhiteHorse Finance, Inc. dated October 15, 2024.

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104

Cover Page Interactive Data File (embedded within the Inline XBRL document).

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SIGNATURE

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Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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Dated: October 15, 2024

WHITEHORSE FINANCE, INC.

 

 

 

 

By:

/s/ Joyson C. Thomas

 

 

Joyson C. Thomas

 

 

Chief Financial Officer

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Graphic

Exhibit 99.1

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WhiteHorse Finance, Inc. Announces Special Distribution And To Report Third Quarter 2024 Financial Results

 

NEW YORK, NY, October 15, 2024 - WhiteHorse Finance, Inc. (the "Company") (Nasdaq: WHF) today announced that its board of directors has declared a special distribution of $0.245 per share, which will be payable on December 10, 2024 to stockholders of record as of October 31, 2024.

 

Distributions are paid from taxable earnings and may include a return of capital and/or capital gains. The specific tax characteristics of the distributions will be reported to stockholders on Form 1099-DIV after the end of the calendar year and in the Company's periodic reports filed with the Securities and Exchange Commission.

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In addition, the Company today announced that it will release its third quarter financial results for the period ended September 30, 2024 on Thursday, November 7, 2024. The Company will discuss its financial results on a conference call that day at 11:30 a.m. ET.

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To access the teleconference, please dial 800-343-4136 (domestic) or +1 203-518-9843 (international) approximately 10 minutes before the teleconference’s scheduled start time and reference ID #WHFQ324. Investors may also access the call on the investor relations portion of the Company’s website at www.whitehorsefinance.com.

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If you are unable to access the live teleconference, a replay will be available beginning approximately two hours after the call’s completion through November 14, 2024. The teleconference replay can be accessed by dialing 800-839-9307 or +1 402-220-6085 for international callers. A webcast replay will also be available on the investor relations portion of the Company’s website at www.whitehorsefinance.com.

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About WhiteHorse Finance, Inc.

WhiteHorse Finance is a business development company that originates and invests in loans to privately held, lower middle market companies across a broad range of industries. The Company's investment activities are managed by H.I.G. WhiteHorse Advisers, LLC, an affiliate of H.I.G. Capital, LLC, ("H.I.G. Capital"). H.I.G. Capital is a leading global alternative asset manager with over $65 billion of capital under management* across a number of funds focused on the small and mid-cap markets. For more information about H.I.G. Capital, please visit http://www.higcapital.com. For more information about the Company, please visit http://www.whitehorsefinance.com.

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Forward-Looking Statements

This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

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Contacts

Stuart Aronson

WhiteHorse Finance, Inc.

212-506-0500

saronson@higwhitehorse.com

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Joyson Thomas

WhiteHorse Finance, Inc.

305-379-2322

jthomas@higwhitehorse.com

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Robert Brinberg

Rose & Company

212-257-5932

whitehorse@roseandco.com

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Source: WhiteHorse Finance, Inc.

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* Based on total capital raised by H.I.G. Capital and affiliates.

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Document and Entity Information
Oct. 15, 2024
Document Information [Line Items]  
Document Type 8-K
Document Period End Date Oct. 15, 2024
Entity Registrant Name WhiteHorse Finance, Inc.
Entity Incorporation, State or Country Code DE
Entity File Number 814-00967
Entity Tax Identification Number 45-4247759
Entity Address, Address Line One 1450 Brickell Avenue
Entity Address, Adress Line Two 31st Floor
Entity Address, City or Town Miami
Entity Address State Or Province FL
Entity Address, Postal Zip Code 33131
City Area Code 305
Local Phone Number 381-6999
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Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company false
Entity Central Index Key 0001552198
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Common Stock [Member]  
Document Information [Line Items]  
Title of 12(b) Security Common Stock, par value $0.001 per share
Trading Symbol WHF
Security Exchange Name NASDAQ
7.875% Notes Due 2028 [Member]  
Document Information [Line Items]  
Title of 12(b) Security 7.875% Notes due 2028
Trading Symbol WHFCL
Security Exchange Name NASDAQ
WhiteHorse Finance (NASDAQ:WHFCL)
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