By James McCandless
San Antonio, Oct. 20 – WhiteHorse Finance, Inc. sold $40 million of notes due Oct. 20, 2025 with a coupon of 5.375%, according to a press release.
Coupons are payable semiannually.
The coupon steps up to 6.375%, subject to conditions, if the company ceases to have an investment-grade rating.
The company plans to use the proceeds to refinance and/or redeem existing debt and/or for general corporate purposes.
WhiteHorse is a Miami-based business development company.
| Issuer: | WhiteHorse Finance, Inc.
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| Description: | Notes
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| Amount: | $40 million
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| Maturity: | Oct. 20, 2025
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| Coupon: | 5.375%
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| Pricing date: | Oct. 20
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| Distribution: | SEC registered
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