WhiteHorse Finance, Inc. (WHF): debt financing — WhiteHorse Finance closes $298.15M CLO securitization backed by middle-market loans

WhiteHorse Finance, Inc.

Total $298.15M includes $164M Class A (SOFR+1.70%), $30M Class B (SOFR+2.15%), $24M Class C (SOFR+2.80%), $70.15M subordinated notes.
Also includes $10M convertible Class A-L loan (SOFR+1.70%) with maturity May 25, 2037.
Proceeds used to purchase additional middle-market loans under H.I.G. Capital management through May 2029.
Notes not registered under Securities Act; will not be offered publicly in U.S.
Transaction structured via consolidated subsidiary WhiteHorse Finance CLO I, LLC; BNY Mellon as trustee.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

WhiteHorse Finance, Inc. incurred loan of $298.15 million with The Bank of New York Mellon Trust Company, National Association at three-month SOFR plus 1.70% to 2.80% maturing May 25, 2037.

Instrument: loan
Principal: $298.15 million
Counterparty: The Bank of New York Mellon Trust Company, National Association
Rate: three-month SOFR plus 1.70% to 2.80%
Maturity: May 25, 2037
Event: incurrence

Exact text from the filing

On June 10, 2025, (the “Closing Date”), WhiteHorse Finance, Inc. (the “Company”) completed a $298.15 million term debt securitization transaction (the “CLO Transaction”), also known as a collateralized loan obligation transaction, which is a form of secured financing incurred by the Company.

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WhiteHorse Finance, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-25-008668

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