WhiteHorse Finance, Inc. (NASDAQ:WHF) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement
Offering of Common Stock
On December 5, 2019, WhiteHorse Finance, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) among the Company, Raymond James & Associates, Inc., as representative to the several underwriters named on Schedule A thereto (the “Underwriters”), H.I.G. WhiteHorse Advisers, LLC, H.I.G. WhiteHorse Administration, LLC and the selling stockholders named on Schedule B thereto (the “Selling Stockholders”) to which the Selling Stockholders agreed to sell to the Underwriters an aggregate of 2,250,000 shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”), in a registered public offering (the “Offering”) to the Company’s shelf registration statement on Form N-2 (File No. 333-231247). For a complete description of the terms and conditions of the Underwriting Agreement, please refer to the Underwriting Agreement, a copy of which is filed as Exhibit 1.1 hereto and is incorporated herein by reference.
On December 9, 2019, the Company closed the Offering. The Company did not receive any proceeds from the sale of shares of its Common Stock by the Selling Stockholders in the Offering.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
| 1.1 | Underwriting Agreement, dated December 5, 2019, among WhiteHorse Finance, Inc., Raymond James & Associates, Inc., as representative to the several underwriters named on Schedule A thereto, H.I.G. WhiteHorse Advisers, LLC, H.I.G. WhiteHorse Administration, LLC, and the selling stockholders named on Schedule B thereto. |
| 5.1 | Opinion of Dechert LLP relating to the Company’s Common Stock (including the consent required with respect thereto). |
| 23.1 | Consent of Dechert LLP (included in Exhibit 5.1). |
WhiteHorse Finance, Inc. Exhibit
EX-1.1 2 tm1924014d2_ex1-1.htm EXHIBIT 1.1 Exhibit 1.1 WHITEHORSE FINANCE,…
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About WhiteHorse Finance, Inc. (NASDAQ:WHF)
WhiteHorse Finance, Inc. is a non-diversified, closed-end management investment company. The Company is a direct lender targeting debt investments in privately held, small-cap companies located in the United States. 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 small-cap companies across a range of industries that typically carry a floating interest rate based on the London Interbank Offered Rate (LIBOR) and have a term of 3 to 6 years. The Company may also make investments at other levels of a company’s capital structure, including mezzanine loans or equity interests. The Company’s investment portfolio consists primarily of senior secured loans across approximately 40 positions in over 30 companies. The Company’s investment activities are managed by its investment advisor, H.I.G. WhiteHorse Advisers, LLC.
