debt
confidence high
sentiment neutral
materiality 0.70
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.
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