WhiteHorse Finance slips as top holder sells

WhiteHorse Finance

14/06/2019 14:28

** WhiteHorse Finance Inc  WHF.O  shares down 5% to $13.77
premarket on secondary offering
    ** Business development company (BDC) says funds affiliated
with H.I.G. Capital sold 2.35 mln shares in offering priced at
$14, a 3.4% discount to WHF last sale on Thurs  urn:newsml:reuters.com:*:nPn75KSp2a
    ** Sale by H.I.G. Capital represents 11% of WHF total shares
outstanding and takes its stake to ~40% in the BDC
    ** Raymond James, KBW, Deutsche Bank jt bookrunners for the
offering, joined by B. Riley FBR, JMP Secs and Ladenburg
    ** About 92k shares have traded before the bell, nearly
double the 30-DMA volume
    ** WHF shares have gained 14% YTD
    ** The BDC is externally managed by H.I.G. WhiteHorse
Advisers, LLC, an affiliate of H.I.G. Capital

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