WhiteHorse Finance, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 08, 2023 at 07:33 am EDT
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WhiteHorse Finance, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 25.6 million compared to USD 20 million a year ago. Net income was USD 3.88 million compared to USD 7.35 million a year ago. Basic earnings per share from continuing operations was USD 0.17 compared to USD 0.32 a year ago.
For the six months, revenue was USD 51.76 million compared to USD 40.03 million a year ago. Net income was USD 11.39 million compared to USD 13.06 million a year ago. Basic earnings per share from continuing operations was USD 0.49 compared to USD 0.56 a year ago.
WhiteHorse Finance, Inc. is an externally managed, non-diversified, closed-end management investment company. 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 lower middle market companies across a broad range of industries. The Company is focused principally on originating senior secured loans to lower middle market companies. It also makes opportunistic investments at other levels of a companyâs capital structure, including mezzanine loans or equity interests, and in companies outside the United States based lower middle market. The Companyâs investment advisor is H.I.G. WhiteHorse Advisers, LLC.
WHITEHORSE FINANCE, INC. 
