WhiteHorse Finance, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 09, 2023 at 07:35 am EST
Share
WhiteHorse Finance, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 25.87 million compared to USD 21.56 million a year ago. Net income was USD 5.6 million compared to USD 3.85 million a year ago. Basic earnings per share from continuing operations was USD 0.24 compared to USD 0.17 a year ago.
For the nine months, revenue was USD 77.63 million compared to USD 61.59 million a year ago. Net income was USD 16.99 million compared to USD 16.9 million a year ago. Basic earnings per share from continuing operations was USD 0.73 compared to USD 0.73 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. 
