WhiteHorse Finance’s $40.0 Million Notes Offering

Dechert advised WhiteHorse Finance, Inc. in the offering.

WhiteHorse Finance, Inc. executed the private offering of $40.0 million aggregate principal amount of its 5.375% Notes due 2025. The notes were offered only to qualified institutional buyers in reliance on Section 4(a)(2) of the Securities Act.

The Company intends to use the net proceeds from this offering to refinance and/or redeem existing debt and/or for general corporate purposes.

WhiteHorse Finance, Inc. is a business development company that originates and invests in loans to privately held, lower middle market companies across a broad range of industries.

The Dechert team advising WhiteHorse Finance included corporate partners Thomas Friedmann (Picture) and Michael Darby, and associates Ross MacConnell, Kaitlin Cannavo, Tu Le and Kristen Thompson; financial services partner David Harris and associate Matthew Barsamian; and tax partner Joseph Riley and associate Mansi Seth.

Involved fees earner: Matthew Barsamian – Dechert; Kaitlin Cannavo – Dechert; Michael Darby – Dechert; Thomas Friedmann – Dechert; David Harris – Dechert; Tu Le – Dechert; Ross MacConnell – Dechert; Joseph Riley – Dechert; Mansi Seth – Dechert; Kristen Thompson – Dechert;

Law Firms: Dechert;

Clients: WhiteHorse Finance;

Author: Ambrogio Visconti