We’ve taken a “deep dive” into WhiteHorse Finance’s portfolio and credit performance in 2024 to determine – as best one can – what 2025 might bring.
WhiteHorse Finance had a poor 2024 by almost any standard. We review the key metrics and then turn our attention to 2025 and ask if matters will get better in the year ahead.
On the heels of a downgrade of WhiteHorse Finance by a respected analyst, the BDC Reporter delves deep into the BDC’s credit performance of late.
Major shareholders have been selling more of their stock in WhiteHorse Finance. We discuss the possible meaning.
WhiteHorse Finance’s IQ 2024 results met performance expectations in almost every way, with one notable exception.
The number of issues – and issuers – in the BDC Fixed Income Table continues to increase.We have been updating one of our key Subscriber Tools.
We use the opportunity of WhiteHorse Finance’s new Baby Bond issuance to review recent developments in the BDC fixed income market.
The BDC Reporter provides key highlights from WhiteHorse Finance’s IQ 2023 earnings conference call and offers some concluding thoughts.
The IIIQ 2022 saw WhiteHorse Finance report very stable results. However, there are clouds on the horizon that might or might not impact the BDC.
The major indices fell back on Ukraine concerns, but the BDC sector held strong. We update earnings, NAV Per Share and credit results from two BDCs reporting IVQ 2021 results.
In December, BDC Fixed Income prices rose even as the number of public issues dropped. We review the latest data and how this segment of the debt market has evolved since 2012 and what is likely to lie ahead.
The major indices slumped just before the close but the BDC sector stood steady. The BDC Reporter kept busy with the review of a new financing facility for a large cap BDC and further credit updates. Plus, we updated the BDC Fixed Income Table.
The markets – including the BDC sector – stopped worrying about omicron – at least for a day. Prices jumped. In the news, a mid-sized BDC raised new capital for the third time in weeks and a large cap BDC continued to double down on real estate investing.
WhiteHorse Finance is beginning the process of raising new unsecured debt and is targeting the redemption of its existing Baby Bond. Early details here.
The broader indices and the BDC sector dropped on Wednesday, with one venture-debt player taking a shellacking. Also, two BDCs are paying off Baby Bonds as the “Great Refinancing” continues.
