Funds affiliated with H.I.G. Capital LLC priced an underwritten public offering of 2,250,000 common shares of WhiteHorse Finance Inc. at a public offering price of $13.83 per share.
The selling shareholders granted the underwriters an option to buy up to an additional 337,500 common shares to cover overallotments. WhiteHorse Finance will not receive any proceeds from the offering, which is expected to close Dec. 9.
Raymond James, Keefe Bruyette & Woods Inc. and Deutsche Bank Securities are the joint book-running managers for the offering, while Ladenburg Thalmann, Oppenheimer & Co., B. Riley FBR and National Securities Corp. are co-managers.