WhiteHorse Finance, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 10, 2022 at 12:30 pm
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WhiteHorse Finance, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported revenue was USD 20 million compared to USD 17.34 million a year ago. Net income was USD 7.35 million compared to USD 10.51 million a year ago. Basic earnings per share from continuing operations was USD 0.32 compared to USD 0.51 a year ago.
For the six months, revenue was USD 40.03 million compared to USD 35.31 million a year ago. Net income was USD 13.06 million compared to USD 18.68 million a year ago. Basic earnings per share from continuing operations was USD 0.56 compared to USD 0.91 a year ago.
WhiteHorse Finance, Inc. is an externally managed, non-diversified, closed-end management investment company. The Company's investment objective is to generate attractive risk-adjusted returns primarily by originating and investing in senior secured loans, including first lien and second lien facilities, to performing lower middle market companies across a broad range of industries. The Company is focused principally on originating senior secured loans to lower middle market companies. It also makes opportunistic investments at other levels of a companyâs capital structure, including mezzanine loans or equity interests, and in companies outside the United States based lower middle market. The Companyâs investment advisor is H.I.G. WhiteHorse Advisers, LLC.