WhiteHorse Finance, Inc.

# WhiteHorse Finance, Inc.

Incorporated in Delaware and publicly listed on Nasdaq, WhiteHorse Finance is a business development company that operates as a closed-end investment fund. The firm specializes in originating and investing in secured and unsecured debt instruments, primarily targeting middle-market companies in North America. Its investment portfolio focuses on senior secured loans, unitranche facilities, and subordinated debt across various industries.

The company generates revenue primarily through interest income on its debt investments and fees earned from portfolio companies and lending arrangements. WhiteHorse Finance operates through a direct lending model, providing capital solutions to private equity-backed businesses and middle-market enterprises. The firm's investment strategy emphasizes senior and first-lien debt positions, which typically carry lower loss risk compared to more junior tranches of a company's capital structure.

As a business development company, WhiteHorse Finance is regulated under the Investment Company Act of 1940 and must distribute substantially all of its net investment income to shareholders. The firm maintains a relatively lean operating structure, with a modest employee base concentrated in its investment and portfolio management functions. The company operates primarily across the United States, with a focus on North American corporate borrowers.