WhiteHorse Finance Prices IPO Wednesday, December 5, 1:49 PM ET
WhiteHorse Finance (NASDAQ:WHF) announced today the pricing of the IPO of 6,666,667 shares of its common stock at a public offering price of $15.00 per share, raising $100 million in gross proceeds. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 1,000,000 shares of common stock. The Company's common stock is expected to begin trading on the Nasdaq under the symbol "WHF" on December 5, 2012. Deutsche Bank Securities, J.P. Morgan Securities, Citigroup Global Markets. and Barclays Capital are acting as joint book-running managers. Robert W. Baird & Company , RBC Capital Markets and Stifel, Nicolaus & Company are acting as co-lead managers. BB&T Capital Markets, Sterne, Agee & Leach, Inc., Wunderlich Securities and Natixis Securities Americas are acting as co-managers. The shares are expected to be delivered to investors on December 10, 2012.
The Company plans to invest the net proceeds of the offering in accordance with its investment objective, which is to generate attractive risk-adjusted returns for investors by originating loans to privately held small-cap companies across a broad range of industries, and for general corporate purposes.
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