By Stephanie N. Rotondo
Phoenix, July 16 - WhiteHorse Finance Inc. sold $30 million 6.5% $25-par seven-year senior notes, the company said in a press release on Tuesday.
The deal was first announced on July 10. Pricing came in line with talk.
Deutsche Bank Securities Inc., Citigroup Global Markets Inc. and Keefe Bruyette & Woods Inc. are the joint bookrunning managers.
Interest will be payable on the last day of March, June, September and December, beginning Sept. 30. The notes will be redeemable at par plus accrued interest on or after July 31, 2016.
The Miami-based externally managed, non-diversified, closed-end management investment company will use the proceeds to reduce outstanding obligations under an unsecured term loan.
| Issuer: | WhiteHorse Finance Inc.
|
| Securities: | Senior notes
|
| Amount: | $30 million
|
| Greenshoe: | $4.5 million
|
| Maturity: | July 31, 2020
|
| Bookrunners: | Deutsche Bank Securities Inc. and Keefe Bruyette & Woods Inc.
|
| Lead managers: | Barclays and BB&T Capital Markets
|
| Co-managers: | Sterne Agee & Leach, Inc. and Wunderlich Securities Inc.
|
| Coupon: | 6.5%
|
| Price: | Par of $25.00
|
| Yield: | 6.5%
|
| Talk: | 6.5%
|
| Call options: | On or after July 31, 2016 at par plus accrued interest
|
| Pricing date: | July 16
|
| Settlement date: | July 23
|
| Expected listing: | Nasdaq: WHFBL
|
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