- Business
- WhiteHorse Finance, Inc. is an externally managed, non-diversified, closed-end management investment company that has elected to be treated as a business development company under the Investment Company Act of 1940; it generates attractive risk-adjusted returns primarily through originating and investing in senior secured loans, including first lien and second lien facilities, unitranche loans, mezzanine debt, and opportunistic equity interests, to performing lower middle market companies across diverse industries such as broadline retail, office services, building products, health care services and supplies, application software, home furnishings, data processing, leisure facilities, cable and satellite, telecom, media, technology, and business services. Founded in 2011 and headquartered at 1450 Brickell Avenue, 31st Floor, Miami, Florida 33131, the company operates principally in the United States with additional investments outside the U.S., targeting companies with revenues typically between $50 million and $500 million, strong management teams, defensible market positions, and predictable cash flows; its common stock trades on Nasdaq under the ticker WHF, while its 7.875% Notes due 2028 (WHFCL) provide long-term unsecured debt financing at a fixed 7.875% interest rate payable quarterly, maturing September 15, 2028, and issued in 2023 for $30 million to support lending activities and corporate purposes. Managed by H.I.G. WhiteHorse Advisers, LLC, a subsidiary of H.I.G. Capital, WhiteHorse Finance recently amended its loan facility with JPMorgan Chase in June 2025 to reduce commitments from $235 million to $100 million effective June 23, 2025, and extended maturity terms in January 2025; it provided senior secured credit facilities in 2024 to Stellex Capital's acquisition of TriplePoint Acquisition Holdings and in October 2025 £81 million first-lien financing to Summit Group's acquisition of R&H Jersey; during Q3 2025, it invested $14.3 million in two new portfolio companies, with subsequent post-quarter activity including two new investments totaling $14.4 million, one full repayment of $9.6 million, and transfers to its joint venture.