NEW YORK — November 13, 2026 -- WhiteHorse Finance, Inc. (Nasdaq: WHF) will redeem all $34.5 million of its 7.875% Notes due 2028 on December 15, 2026, and plans to fund the repayment with new borrowing. The notes (Nasdaq: WHFCL) will then be delisted from the Nasdaq Global Select Market.
The notes carry about $2.7 million a year in interest by FairsOnline's calculation: $34.5 million at 7.875% works out to $2,716,875. Holders receive $25 per note plus accrued and unpaid interest for the current quarterly period, up to but excluding the redemption date. At $25 per note, the issue comprises about 1.38 million notes.
WhiteHorse Finance will pay the December coupon separately from the redemption
The regular quarterly installment due December 15, 2026 goes to holders of record at the close of business on December 1, 2026, as the indenture requires. It will not be repeated in the redemption payment. A full quarter at the stated rate equals roughly $0.49 per note, or about $679,000 across the issue, by FairsOnline's calculation. Principal plus that installment comes to about $35.2 million in cash on the redemption date.
The company says it expects to fund the redemption with net proceeds from additional indebtedness it intends to incur. It did not disclose the size, pricing or lender of that new debt.
The announcement is not a formal notice of redemption. The redemption will proceed only under the notice delivered in accordance with the indenture governing the notes, the company said.