Security
WhiteHorse Finance, Inc. 7.875% Notes due 2028 · WHFCL
WHFCLNASDAQotherCurrentCIK 1552198Updated Oct 15, 2026
Name history
WhiteHorse Finance, LLC · through Dec 4, 2012
WHFCL price & chart
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NASDAQ:WHFCL on TradingView ↗About the company
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 $75 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.
In the news
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Seeking Alpha
WhiteHorse Finance signals potential Chase and Naviga monetizations over next 6 to 12 months while holding Q3 dividend at $0.25 ↗
WhiteHorse Finance (WHF) Q2 2026 Earnings Call Transcript ↗
SEC disclosures
WhiteHorse Finance, Inc. files 8-K: Material Event ↗
Recent filings
Regulation FD Disclosure
Items 7.01, 9.01
Regulation FD Disclosure
Items 7.01, 9.01
Other Events
Items 8.01
EFFECT filing
N-2/A filing
Show 5 more recent filings
10-Q filing
Results of Operations and Financial Condition · Regulation FD Disclosure
Items 2.02, 7.01, 9.01
Submission of Matters to a Vote of Security Holders
Items 5.07
Regulation FD Disclosure
Items 7.01, 9.01
N-2 filing
Financials
FY 2025 · USDSource
Source
Source
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balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 626,005,000Source | 683,584,000Source | 604,082,000Source | 670,908,000Source | 703,183,000Source | 606,037,000Source | 678,767,000Source | 735,049,000Source | 615,129,000Source | 676,821,000Source | 730,751,000Source | 796,474,000Source |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 9,539,000Source | 11,164,000Source | 8,465,000Source | 10,533,000Source | 12,853,000Source | 11,785,000Source | 11,444,000Source | 10,723,000Source | 7,033,000Source | 12,424,000Source | 10,749,000Source | 9,508,000Source |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 360,760,000Source | 386,709,000Source | 351,270,000Source | 396,158,000Source | 390,501,000Source | 355,698,000Source | 397,318,000Source | 421,257,000Source | 355,337,000Source | 390,687,000Source | 413,979,000Source | 464,087,000Source |
| Stockholders’ equity: | ||||||||||||
| Common Stock, Value, IssuedUSD | 23,000Source | 23,000Source | 21,000Source | 23,000Source | 23,000Source | 22,000Source | 23,000Source | 23,000Source | 22,000Source | 23,000Source | 23,000Source | 23,000Source |
| Additional Paid in CapitalUSD | 337,205,000Source | 338,275,000Source | 323,548,000Source | 337,205,000Source | 338,275,000Source | 326,106,000Source | 337,205,000Source | 338,275,000Source | 329,122,000Source | 337,205,000Source | 338,275,000Source | 339,240,000Source |
| Retained Earnings (Accumulated Deficit)USD | -71,983,000Source | -41,423,000Source | -70,757,000Source | -62,478,000Source | -25,616,000Source | -75,789,000Source | -55,779,000Source | -24,506,000Source | -69,352,000Source | -51,094,000Source | -21,526,000Source | -6,876,000Source |
| Stockholders' Equity Attributable to ParentUSD | 265,245,000Source | 296,875,000Source | 252,812,000Source | 274,750,000Source | 312,682,000Source | 250,339,000Source | 281,449,000Source | 313,792,000Source | 259,792,000Source | 286,134,000Source | 316,772,000Source | 332,387,000Source |
| Liabilities and EquityUSD | 626,005,000Source | 683,584,000Source | 604,082,000Source | 670,908,000Source | 703,183,000Source | 606,037,000Source | 678,767,000Source | 735,049,000Source | 615,129,000Source | 676,821,000Source | 730,751,000Source | 796,474,000Source |
| Additional Financial Items | ||||||||||||
| Long-term DebtUSD | 323,526,000Source | 352,796,000Source | 324,449,000Source | 363,177,000Source | 358,896,000Source | 324,141,000Source | 361,133,000Source | 390,332,000Source | 323,834,000Source | 353,117,000Source | 386,448,000Source | 440,427,000Source |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | 28,248,000Source | -7,005,000Source | 77,272,000Source | 78,758,000Source | 90,369,000Source | 71,994,000Source |
| Cash flows from financing activities: | ||||||||||||
| Payments for Repurchase of Common StockUSD | — | — | — | — | — | — | 3,016,000Source | — | 7,422,000Source | — | — | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | -8,613,000Source | -1,239,000Source | -75,416,000Source | -75,396,000Source | -92,125,000Source | -68,488,000Source |
| Repayments of Long-term DebtUSD | — | — | — | — | — | — | — | 9,945,000Source | 242,014,000Source | 153,222,000Source | 222,099,000Source | 175,417,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | 19,631,000Source | -8,215,000Source | 1,889,000Source | 3,349,000Source | -1,777,000Source | 3,796,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | 3,488,000Source | 4,097,000Source | 22,287,000Source | 26,459,000Source | 29,021,000Source | 19,712,000Source |
| Income Taxes Paid, NetUSD | — | — | — | — | — | — | — | — | 1,459,000Source | 1,407,000Source | 1,103,000Source | 1,184,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | — | — | — | — | -4,000Source | 29,000Source | 33,000Source | -13,000Source | -21,000Source | 290,000Source |
| Additional Financial Items | ||||||||||||
| Amortization of Debt Issuance CostsUSD | — | — | — | — | — | — | 307,000Source | 319,000Source | 1,281,000Source | 1,688,000Source | 1,599,000Source | 1,541,000Source |
| Debt and Equity Securities, Unrealized Gain (Loss)USD | — | — | — | — | — | — | -1,865,000Source | -2,198,000Source | 24,102,000Source | -9,567,000Source | -21,969,000Source | -9,191,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | — | — | — | — | — | — | — | -821,000Source | — | — | — |
| Foreign Currency Transaction Gain (Loss), RealizedUSD | — | — | -3,000Source | 29,000Source | -1,000Source | -769,000Source | -26,000Source | -29,000Source | -784,000Source | -1,000Source | 950,000Source | -310,000Source |
| Gain (Loss) on Sale of DerivativesUSD | — | — | 303,000Source | 9,000Source | -51,000Source | — | -365,000Source | 22,000Source | 602,000Source | 13,000Source | 27,000Source | — |
| General and Administrative ExpenseUSD | — | — | 1,151,000Source | 1,001,000Source | 1,129,000Source | 1,295,000Source | 1,216,000Source | 953,000Source | 4,690,000Source | 4,440,000Source | 3,622,000Source | 3,963,000Source |
| Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 0Source | 0Source | 0Source | 0Source |
| InvestmentCompanyDistributionOrdinaryIncomeUSD | — | — | — | — | — | — | — | — | 33,257,000Source | 41,489,000Source | 36,027,000Source | — |
| Net Income (Loss) Attributable to ParentUSD | — | — | -556,000Source | -6,858,000Source | 10,409,000Source | 2,250,000Source | -687,000Source | 4,264,000Source | 14,337,000Source | 10,851,000Source | 20,412,000Source | 15,683,000Source |
| Proceeds from Issuance of Common StockUSD | — | — | — | — | — | — | — | — | — | — | — | 125,000Source |
| Proceeds from Issuance of Long-term DebtUSD | — | — | — | — | — | — | — | 18,600,000Source | 39,700,000Source | 119,315,000Source | 132,248,000Source | 140,527,000Source |
| Realized Investment Gains (Losses)USD | — | — | — | — | — | — | -4,336,000Source | -395,000Source | -35,383,000Source | -17,993,000Source | -30,000Source | -13,958,000Source |
| Unrealized Gain (Loss) on DerivativesUSD | — | — | 87,000Source | -9,000Source | 84,000Source | 21,000Source | 306,000Source | -20,000Source | -343,000Source | 63,000Source | -40,000Source | -3,000Source |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 0Source | 0Source | 0Source | 0Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | -556,000Source | -6,858,000Source | 10,409,000Source | 2,250,000Source | -687,000Source | 4,264,000Source | 14,337,000Source | 10,851,000Source | 20,412,000Source | 15,683,000Source |
| Earnings Per Share, BasicUSD per share | — | — | -0.02Source | -0.3Source | 0.48Source | 0.1Source | -0.03Source | 0.18Source | 0.62Source | 0.47Source | 0.88Source | 0.68Source |
| Earnings Per Share, DilutedUSD per share | — | — | -0.02Source | -0.3Source | 0.48Source | 0.1Source | -0.03Source | 0.18Source | 0.62Source | 0.47Source | 0.88Source | 0.68Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 23,243,088Source | 23,243,088Source | 21,571,335Source | 23,243,088Source | 22,168,930Source | 23,243,088Source | 23,174,909Source | 23,243,088Source | 23,243,088Source | 23,229,552Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 23,243,088Source | 23,243,088Source | 21,571,335Source | 23,243,088Source | 22,168,930Source | 23,243,088Source | 23,174,909Source | 23,243,088Source | 23,243,088Source | 23,229,552Source |
| Additional Financial Items | ||||||||||||
| Debt and Equity Securities, Unrealized Gain (Loss)USD | — | — | — | — | — | — | -1,865,000Source | -2,198,000Source | 24,102,000Source | -9,567,000Source | -21,969,000Source | -9,191,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | — | — | — | — | — | — | — | -821,000Source | — | — | — |
| Foreign Currency Transaction Gain (Loss), RealizedUSD | — | — | -3,000Source | 29,000Source | -1,000Source | -769,000Source | -26,000Source | -29,000Source | -784,000Source | -1,000Source | 950,000Source | -310,000Source |
| General and Administrative ExpenseUSD | — | — | 1,151,000Source | 1,001,000Source | 1,129,000Source | 1,295,000Source | 1,216,000Source | 953,000Source | 4,690,000Source | 4,440,000Source | 3,622,000Source | 3,963,000Source |
| Interest ExpenseUSD | — | — | 5,783,000Source | 6,928,000Source | 4,810,000Source | 6,141,000Source | 5,001,000Source | 6,185,000Source | 23,139,000Source | 27,899,000Source | 29,915,000Source | 21,940,000Source |
| InvestmentIncomeOperatingAfterExpenseAndTaxUSD | — | — | 6,101,000Source | 9,154,000Source | 4,681,000Source | 6,562,000Source | 5,603,000Source | 6,843,000Source | 26,110,000Source | 37,238,000Source | 42,713,000Source | — |
| Management Fee ExpenseUSD | — | — | 2,774,000Source | 3,014,000Source | 2,545,000Source | 2,844,000Source | 2,558,000Source | 2,833,000Source | 11,111,000Source | 12,127,000Source | 14,684,000Source | 15,600,000Source |
| Net Investment IncomeUSD | — | — | 6,101,000Source | 9,154,000Source | 4,681,000Source | 6,562,000Source | 5,603,000Source | 6,843,000Source | 26,110,000Source | 37,238,000Source | 42,713,000Source | 37,258,000Source |
| Realized Investment Gains (Losses)USD | — | — | — | — | — | — | -4,336,000Source | -395,000Source | -35,383,000Source | -17,993,000Source | -30,000Source | -13,958,000Source |
Filing attachments
whf-ex99d1.htm · 8-K/A · 2026-10-14
Exhibit 99.1 WhiteHorse Finance, Inc. Announces Special Distribution And To Report Third Quarter 2026 Financial Results NEW YORK, NY, October 14, 2026 - WhiteHorse Finance, Inc. (“WhiteHorse Finance” or the “Company”) (Nasdaq: WHF) today announced that its board of directors has declared a special distribution of $0.17 per share, which will be payable on December 10, 2026 to stockholders of record as of October 30, 2026. Distributions are paid from taxable earnings and may include a return of…
Read attachment ↗whf-ex99d1.htm · 8-K · 2026-10-14
Exhibit 99.1 WhiteHorse Finance, Inc. Announces Special Distribution And To Report Third Quarter 2026 Financial Results NEW YORK, NY, October 14, 2026 - WhiteHorse Finance, Inc. (“WhiteHorse Finance” or the “Company”) (Nasdaq: WHF) today announced that its board of directors has declared a special distribution of $0.17 per share, which will be payable on December 10, 2026 to stockholders of record as of October 30, 2026. Distributions are paid from taxable earnings and may include a return of…
Read attachment ↗whf-20260810xex99d1.htm · 8-K · 2026-08-10
EX-99.1 2 whf-20260810xex99d1.htm EX-99.1 Exhibit 99.1 WhiteHorse Finance, Inc. Announces Second Quarter 2026 Earnings Results and Declares Quarterly Distribution of $0.25 Per Share NEW YORK, August 10, 2026 /PRNewswire/ -- WhiteHorse Finance, Inc. (“WhiteHorse Finance” or the “Company”) (Nasdaq: WHF) today announced its financial results for the second quarter ended June 30, 2026. In addition, the Company’s board of directors has declared a distribution of $0.25 per share with respect to …
Read attachment ↗whf-20260810xex99d2.htm · 8-K · 2026-08-10
EX-99.2 3 whf-20260810xex99d2.htm EX-99.2 Exhibit 99.2 Earnings Presentation Quarter Ended June 30, 2026 WhiteHorse Finance, Inc. NASDAQ: WHF (Common Stock) NASDAQ: WHFCL (7.875% Notes due 2028) 1 References in this presentation to “WHF”, “WhiteHorse Finance”, “we”, “us”, “our” and “the Company” refer to WhiteHorse Finance, Inc. This presentation and the information and views included herein do not constitute investment advice, or a recommendation or an offer to enter into …
Read attachment ↗whf-20260728xex99d1.htm · 8-K · 2026-07-28
EX-99.1 2 whf-20260728xex99d1.htm EX-99.1 Exhibit 99.1 WhiteHorse Finance, Inc. To Report Second Quarter 2026 Financial Results NEW YORK, NY, July 28, 2026 - WhiteHorse Finance, Inc. (“WhiteHorse Finance” or the “Company”) (Nasdaq: WHF) today announced that it will release its second quarter financial results for the period ended June 30, 2026 on Tuesday, August 11, 2026. The Company will discuss its financial results on a conference call that day at 1:30 p.m. ET. To access the teleconfer…
Read attachment ↗whf-20260507xex99d1.htm · 8-K · 2026-05-07
EX-99.1 2 whf-20260507xex99d1.htm EX-99.1 Exhibit 99.1 WhiteHorse Finance, Inc. Announces First Quarter 2026 Earnings Results and Declares Quarterly Distribution of $0.25 Per Share NEW YORK, May 7, 2026 /PRNewswire/ -- WhiteHorse Finance, Inc. (“WhiteHorse Finance” or the “Company”) (Nasdaq: WHF) today announced its financial results for the first quarter ended March 31, 2026. In addition, the Company’s board of directors has declared a distribution of $0.25 per share with respect to the q…
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