WhiteHorse Finance, Prices Public Offering of $30M 7.875% Notes Due 2028
Portfolio Pulse from Benzinga Newsdesk
WhiteHorse Finance, Inc. (NASDAQ:WHF) has priced a registered public offering of $30 million in aggregate principal amount of its 7.875% notes due 2028. The net proceeds to the company will be approximately $28.8 million, or $33.2 million if the underwriters fully exercise the overallotment option.
August 18, 2023 | 7:35 am
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POSITIVE IMPACT
WhiteHorse Finance's public offering of $30 million in notes could provide a significant cash influx, potentially strengthening the company's financial position.
The public offering of notes is a way for WhiteHorse Finance to raise capital. The successful pricing of this offering indicates investor confidence in the company's prospects, which could have a positive impact on its stock price in the short term. However, the actual impact will depend on how the company uses the proceeds from the offering.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100