WhiteHorse to sell a minimum $30 million of $25-par senior notes

By Stephanie N. Rotondo

Phoenix, July 10 - WhiteHorse Finance Inc. is planning an offering of at least $30 million of $25-par senior notes, the company said in a prospectus filed with the Securities and Exchange Commission on Wednesday.

The Miami-based externally managed, non-diversified, closed-end management investment company could issue up to $50 million of the notes.

Deutsche Bank Securities Inc. and Keefe Bruyette & Woods Inc. are the joint bookrunning managers. Co-lead managers are Barclays and BB&T Capital Markets. Sterne Agee & Leach Inc. and Wunderlich Securities Inc. are the co-managers.

Interest will be payable on the last day of March, June, September and December, beginning Sept. 30. The notes will be redeemable at par plus accrued interest.

The notes will be listed on the Nasdaq Global Select Market under the ticker symbol "WHFBL."

Proceeds will be used to reduce outstanding obligations under an unsecured term loan.

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