WhiteHorse Finance (WHF) Announces Public Offering of Common Stock
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Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.9%
Revenue Growth %: -14.1%
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WhiteHorse Finance, Inc. (the "Company") (Nasdaq: WHF) today announced that it has commenced an underwritten primary offering of shares of its common stock (the "Offering"). The Company also expects to grant the underwriters an option to purchase additional shares of its common stock to cover over-allotments, if any. The Offering will be made pursuant to the Company's shelf registration statement, which was filed with, and has been declared effective by, the Securities and Exchange Commission (the "Commission").
The Company intends to use all or substantially all of the net proceeds from the Offering to invest in portfolio companies in accordance with its investment objective and strategies and for general corporate purposes.
Raymond James & Associates, Inc., Deutsche Bank Securities and Keefe, Bruyette & Woods, A Stifel Company, are serving as joint book-running managers for the Offering. B. Riley Securities, Inc., Ladenburg Thalmann & Co. Inc., Oppenheimer & Co. Inc. and Hovde Group, LLC are serving as co-managers for the Offering.
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