WhiteHorse Finance trips as #1 holder plans to cut stake

WhiteHorse Finance

05/12/2019 13:19

** WhiteHorse Finance Inc  WHF.O  shares down 3.5% premarket
on secondary offering
    ** Business development company (BDC) says funds affiliated
with H.I.G. Capital plan to sell shares  urn:newsml:reuters.com:*:nPn7wtgjJa
    ** Sources say H.I.G. looking to sell about $30 mln of
shares
    ** Offering expected to price at $13.83, ~3% discount to
stock's Weds close of $14.25
    ** Raymond James, KBW and Deutsche Bank joint bookrunners
for offering
    ** H.I.G currently owns 7.95 mln shares, or 39% stake
    ** PE firm last sold 2.35 mln shares in Jun secondary priced
at $14  urn:newsml:reuters.com:*:nL2N23L0IL    
    ** WHF shares up 13.6% in 2019

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