Sign in

WHF on Nasdaq

WHITEFIELD LIMITED

Australian public company1

In its 2026 annual report the company says: “We are an externally managed, non-diversified, closed-end management investment company that has elected to be treated as a business development company under the Investment Company Act of 1940, as amended, or the 1940 Act. In addition, for tax purposes, we have elected to be treated as a regulated investment company, or RIC, under Subchapter M of the Internal Revenue Code of 1986, as amended, or the Code, and intend to qualify annually for such treatment.”5 It is headquartered in Miami, Florida.1 Its shares trade on Nasdaq under the symbol WHF.1

Price unavailable

Last updated Oct 21, 2026.

Overview

Compare with another stock.

  • TickerWHF on Nasdaq1
  • HeadquartersMiami, Florida1
  • Incorporated inDE3
  • Business address1450 Brickell Avenue, 31St Floor, Miami, Fl 331313
  • Filer categoryAccelerated filer3

See how the biggest companies compare on our leaderboards

We are an externally managed, non-diversified, closed-end management investment company that has elected to be treated as a business development company under the Investment Company Act of 1940, as amended, or the 1940 Act. In addition, for tax purposes, we have elected to be treated as a regulated investment company, or RIC, under Subchapter M of the Internal Revenue Code of 1986, as amended, or the Code, and intend to qualify annually for such treatment.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income6789$14.3M in 2025−55% since 2020
0$10.0M$20.0M$30.0M$40.0M2020: $31.7M$31.7M20202021: $30.1M$30.1M2021−5%2022: $15.7M$15.7M2022−48%2023: $20.4M$20.4M2023+30%2024: $10.9M$10.9M2024−47%2025: $14.3M$14.3M2025+32%

Every line of the income statement as filed: the last 3 fiscal years, latest first.9

Period ending2025-12-312024-12-312023-12-31
Total investment income$72.7M$92.8M$103.3M
Interest expense$23.1M$27.9M$29.9M
Base management fees$11.1M$12.1M$14.7M
Performance-based incentive fees$6.5M$9.3M$10.7M
Administrative service fees$683.0K$683.0K$683.0K
General and administrative expenses$4.7M$4.4M$3.6M
Total expenses, before fees waived$46.1M$54.5M$59.6M
Performance-based incentive fees waived-$200.0K
Total expenses$45.9M$54.5M$59.6M
Net investment income before excise tax$26.8M$38.4M$43.7M
Excise tax$662.0K$1.1M$965.0K
Net investment income after excise tax$26.1M$37.2M$42.7M
Net realized gains (losses)-$35.4M-$18.0M$5.7M
Foreign currency transactions-$784.0K-$1.0K$950.0K
Foreign currency forward contracts$602.0K$13.0K$27.0K
Net realized gains (losses)-$35.6M-$18.0M$947.0K
Net change in unrealized appreciation (depreciation)$24.1M-$9.6M-$22.0M
Translation of assets and liabilities in foreign currencies$33.0K$1.1M-$1.2M
Foreign currency forward contracts-$343.0K$63.0K-$40.0K
Net change in unrealized appreciation (depreciation)$23.8M-$8.4M-$23.2M
Net realized and unrealized gains (losses) on investments and foreign currency transactions-$11.8M-$26.4M-$22.3M
Net increase (decrease) in net assets resulting from operations$14.3M$10.9M$20.4M
Basic earnings (losses) per common share$0.62$0.47$0.88
Diluted earnings (losses) per common share$0.62$0.47$0.88
Dividends and distributions declared per common share$1.44$1.79$1.55
Basic weighted average common shares outstanding23.2M shares23.2M shares23.2M shares
Diluted weighted average common shares outstanding23.2M shares23.2M shares23.2M shares

Compare WHITEFIELD LIMITED with another company

Corporate structure

WHITEFIELD LIMITED sits at the top of its group. 7 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of WHITEFIELD LIMITED

  • Anthony Tamer Filed SC 13D/A on WHITEFIELD LIMITED, latest May 31, 2024
  • Sami Mnaymneh Filed SC 13D/A on WHITEFIELD LIMITED, latest May 31, 2024
  • WHITEFIELD LIMITED Miami, Florida
    • WHF American Craft Blocker, LLC Subsidiary · Delaware, United States
    • WhiteHorse Finance (CA), LLC Subsidiary · Delaware, United States
    • WhiteHorse Finance CLO I, LLC Subsidiary · Delaware, United States
    • WhiteHorse Finance Credit I, LLC Subsidiary · Delaware, United States
    • WhiteHorse Finance Holdings, LLC Subsidiary · Delaware, United States
    • WhiteHorse RCKC Holdings, LLC Subsidiary · Delaware, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What WHITEFIELD LIMITED reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$7.0M9 Dec 31, 2025$12.4M9 Dec 31, 2024−43.4%

Properties, in its own words

Our executive offices are located at 1450 Brickell Avenue, 31st Floor, Miami, Florida 33131 and are provided by our administrator in accordance with the terms of the Administration Agreement. We believe that our office facilities are suitable and adequate for our business as it is contemplated to be conducted.

Item 2 of the 10-K filed Mar 6, 2026.5

Leadership

Who has led WHITEFIELD LIMITED, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. James Demus Carvell Iii.2012–2015
  2. Stuart D. Aronson2016–now

Chief financial officer

  1. Alastair G. C. Merrick2012
  2. Gerhard Lombard2014–2016
  3. Edward J. Giordano2016
  4. Joyson Thomas2019–now

Chief operating officer

  1. Ethan M. Underwood2012
  2. William D. Markert2014
201520202025
Board members and other officers (10)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • WHF American Craft Blocker, LLC Delaware4
  • WhiteHorse Finance (CA), LLC Delaware4
  • WhiteHorse Finance CLO I, LLC Delaware4
  • WhiteHorse Finance Credit I, LLC Delaware4
  • WhiteHorse Finance Holdings, LLC Delaware4
  • WhiteHorse RCKC Holdings, LLC Delaware4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • WhiteHorse Finance, LLCSep 7, 2012 to Dec 4, 20123

Timeline

  1. Oct 14, 20268-K Regulation FD disclosure28
  2. Oct 14, 20268-K Regulation FD disclosure29
  3. Sep 15, 20268-K Other events30
  4. Aug 10, 20268-K Results of operations; Regulation FD disclosure31
  5. Aug 4, 20268-K Shareholder vote32
  6. Jul 28, 20268-K Regulation FD disclosure33
  7. May 7, 20268-K Results of operations; Regulation FD disclosure34
  8. Apr 23, 20268-K Regulation FD disclosure35
  9. Mar 13, 20268-K Entered a material agreement; New debt or obligation36
  10. Mar 4, 20268-K Change of auditor37
  11. Mar 2, 20268-K Results of operations; Regulation FD disclosure38
  12. Feb 20, 20268-K Regulation FD disclosure39
  13. Jun 1, 2016New chief executive Stuart D. Aronson becomes CEO12
  14. Dec 4, 2012New chief executive James Demus Carvell Iii. becomes CEO13
  15. Aug 2, 1971Went public Listed on Australian Securities Exchange1

Calendar

Coming up

  1. Oct 30, 2026Dividend Ex-dividend; $0.17 a share; paid 2026-12-10.40
  2. Nov 9, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported $0.26 a share, on Nov 10, 2025.41

When it reported results

  1. Aug 10, 2026Reported quarterly or annual results31
  2. May 7, 2026Reported quarterly or annual results34
  3. Mar 2, 2026Reported quarterly or annual results38
  4. Nov 10, 2025Reported quarterly or annual results42
  5. Aug 7, 2025Reported quarterly or annual results43
  6. May 12, 2025Reported quarterly or annual results44
  7. Mar 7, 2025Reported quarterly or annual results45
  8. Nov 7, 2024Reported quarterly or annual results46

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

180 filings to the SEC since October 2021: 7 annual reports, 15 quarterly reports, 77 major events, 34 insider forms, 2 large holders, 45 other. The latest 20:

  1. Oct 14, 20268-K/A EDGAR
  2. Oct 14, 20268-K EDGAR
  3. Sep 15, 20268-K EDGAR
  4. Aug 19, 2026EFFECT EDGAR
  5. Aug 18, 2026N-2/A EDGAR
  6. Aug 10, 20268-K EDGAR
  7. Aug 10, 202610-Q EDGAR
  8. Aug 4, 20268-K EDGAR
  9. Jul 28, 20268-K EDGAR
  10. Jul 13, 2026N-2 EDGAR
  11. Jun 18, 20264 OWNERSHIP DOCUMENT EDGAR
  12. Jun 18, 2026DEF 14A EDGAR
  13. Jun 16, 20264 OWNERSHIP DOCUMENT EDGAR
  14. Jun 5, 20264 OWNERSHIP DOCUMENT EDGAR
  15. Jun 3, 20264 OWNERSHIP DOCUMENT EDGAR
  16. Jun 2, 20264 OWNERSHIP DOCUMENT EDGAR
  17. May 29, 20264 OWNERSHIP DOCUMENT EDGAR
  18. May 26, 20264 OWNERSHIP DOCUMENT EDGAR
  19. May 26, 20264 OWNERSHIP DOCUMENT EDGAR
  20. May 7, 20268-K EDGAR

The 180 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

54 open-market trades by officers, directors and large owners since October 2021: 51 buys and 3 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 18, 2026BOLDUC JOHNDirectorBuy15,380$6.49$99.8KForm 4
Jun 15, 2026Aronson Stuart DChief Executive OfficerBuy15,000$6.41$96.2KForm 4
Jun 5, 2026BOLDUC JOHNDirectorBuy7,140$6.76$48.3KForm 4
Jun 4, 2026BOLDUC JOHNDirectorBuy7,140$6.88$49.1KForm 4
Jun 2, 2026BOLDUC JOHNDirectorBuy7,140$6.81$48.6KForm 4
Jun 1, 2026BOLDUC JOHNDirectorBuy7,140$6.88$49.1KForm 4
May 29, 2026Volpe John PaulDirectorBuy1,000$6.74$6.7KForm 4
May 29, 2026BOLDUC JOHNDirectorBuy7,140$6.76$48.3KForm 4
May 28, 2026BOLDUC JOHNDirectorBuy7,140$6.81$48.6KForm 4
May 27, 2026BOLDUC JOHNDirectorBuy7,140$6.91$49.3KForm 4
May 22, 2026Aronson Stuart DChief Executive OfficerBuy12,000$6.39$76.7KForm 4
May 21, 2026Thomas JoysonChief Financial OfficerBuy3,000$6.62$19.9KForm 4
May 21, 2026Aronson Stuart DChief Executive OfficerBuy20,000$6.67$133.4KForm 4
Mar 23, 2026Aronson Stuart DChief Executive OfficerBuy8,000$6.95$55.6KForm 4
Mar 20, 2026Aronson Stuart DChief Executive OfficerBuy5,000$7.10$35.5KForm 4
Mar 16, 2026BOLDUC JOHNDirectorBuy8,390$7.12$59.8KForm 4
Mar 13, 2026Volpe John PaulDirectorBuy1,000$7.18$7.2KForm 4
Mar 13, 2026BOLDUC JOHNDirectorBuy8,390$7.14$59.9KForm 4
Mar 12, 2026BOLDUC JOHNDirectorBuy8,390$7.14$59.9KForm 4
Mar 6, 2026BOLDUC JOHNDirectorBuy8,276$7.25$60.0KForm 4

All 54 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

  • Anthony TamerSC 13D/A, 1 filing May 31, 202447
  • Sami MnaymnehSC 13D/A, 1 filing May 31, 202448

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 49. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Lalia Capital, LLC712,769$4.8M2.3%+23,664
Two Sigma Investments, LP430,600$2.9M0.0%−4,972
Ethos Financial Group, LLC360,532$2.4M0.2%+116,592
CastleKnight Management LP205,656$1.4M0.1%−86,800
Bank Of America Corp /de/185,006$1.2M0.0%+2
Legal & General Group Plc174,879$1.2M0.0%+5,805
Bank Of Montreal /can/114,842$769.4K0.0%No change
Raymond James Financial Inc105,501$706.9K0.0%+83,075
Blue Trust, Inc.95,601$640.5K0.0%No change
Trexquant Investment LP90,532$606.6K0.0%+23,046
LPL Financial LLC75,986$509.1K0.0%+6,221
BlackRock, Inc.71,135$476.6K0.0%−1,811
Sound Income Strategies, LLC70,994$475.7K0.0%−1,817
UBS Group AG57,392$384.5K0.0%+25,857
Marshall Wace, Llp55,073$369.0K0.0%−21,193
Basso Capital Management, L.P.52,500$351.8K0.1%−7,500
Closed-End Fund Advisors, Inc.44,996$301.5K0.3%+175
O'shaughnessy Asset Management, LLC44,403$297.5K0.0%+27,505
Gables Capital Management Inc.43,865$293.9K0.1%−7,109
Virtus Investment Advisers, LLC41,578$278.6K0.1%−18,988
Snowden Capital Advisors LLC30,473$211.8K0.0%+1,256
Dimension Capital Management LLC28,337$189.9K0.0%No change
Vident Advisory, LLC24,281$162.7K0.0%+1,038
Susquehanna International Group, Llp22,208$148.8K0.0%−15,718
Nomura Holdings Inc20,000$134.0K0.0%New

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How WHITEFIELD LIMITED is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARWhiteHorse Finance, Inc.2
  • CIK0001552198
  • Employer ID (EIN)45-42477595
  • Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
  • Incorporated inDelaware5
  • Fiscal year endsDecember 312
  • Business address1450 Brickell Avenue, 31st Floor, Miami, FL 331312
  • Phone(305) 379-23222
  • Shares outstanding21,476,471 as of Aug 10, 202611
  • Public float$158.9M as of Jun 30, 20255
  • AuditorCrowe LLP, California PCAOB ID 173; it also attests to the company’s internal control over financial reporting5
  • On EDGAR sinceSep 7, 20122
  • Filings625 in all: 8-K (220), 4 (113), 10-Q (41), CORRESP (38), 497AD (20), 3 (19), SC 13D/A (16), 10-K (14)2
    All 43 form types

    40-17G (14), DEF 14A (14), N-2/A (14), 497 (13), EFFECT (9), N-2 (7), POS 8C (7), 424B2 (5), 4/A (4), 40-APP/A (4), 8-A12B (4), SC 13G/A (4), 305B2 (3), 8-K/A (3), POS EX (3), PRE 14A (3), SC 13G (3), 10-K/A (2), 25-NSE (2), 40-APP (2), 424B5 (2), APP NTC (2), APP ORDR (2), CERT (2), CERTNAS (2), FWP (2), N-23C-2 (2), SC 13D (2), UPLOAD (2), 424B3 (1), D (1), DEFA14A (1), DEFR14A (1), N-54A (1), N-6F (1)

  • Latest filingsAnnual report (10-K) Mar 6, 2026
    Quarterly report (10-Q) Aug 10, 2026
    Proxy statement (DEF 14A) Jun 18, 2026
    Latest 8-K (8-K) Oct 14, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.001 per shareWHFThe Nasdaq Stock Market LLC
7.875% Notes due 2028WHFCLThe Nasdaq Stock Market LLC

From the cover page of the 10-K filed Mar 6, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks WHITEFIELD LIMITED names in Item 1A of its 10-K filed Mar 6, 2026: 76 risks under these headings, as written.5

  • Risks Relating to Our Business and Structure
  • The constraints imposed on us as a business development company and RIC may hinder the achievement of our investment objective.
  • We depend upon key personnel of H.I.G. Capital and its affiliates.
  • Our business model depends to a significant extent upon H.I.G. Capital’s proprietary deal-flow network of informal and unconventional potential deal sources in the lower middle market business community. Any inability of H.I.G. Capital to maintain or develop this network, or the failure of this network to generate investment opportunities, could adversely affect our business.
  • If our Investment Adviser is unable to manage our investments effectively, we may be unable to achieve our investment objective.
  • We may not replicate the historical results achieved by other entities managed or sponsored by members of the Investment Committee or by H.I.G. Capital or its affiliates.
  • The highly competitive market for investment opportunities in which we operate may limit our investment opportunities.
  • We have elected to be treated as a RIC and intend to qualify annually for such treatment. If we are unable to qualify as a RIC, we will be subject to corporate-level income tax.
  • Our returns will be reduced by any corporate income tax that our subsidiaries pay.
  • We may have difficulty paying our required distributions if we recognize income before or without receiving cash representing such income.
  • We may be exposed to higher risks with respect to our investments that include OID or PIK interest.
  • PIK interest payments we receive will increase our assets under management and, as a result, will increase the amount of base management fees payable by us to our Investment Adviser.
The other 65 risks
  • Regulations governing our operation as a business development company, including those related to the issuance of senior securities, will affect our ability to, and the way in which we, raise additional debt or equity capital.
  • Any failure on our part to maintain our status as a business development company would reduce our operating flexibility.
  • The SBCAA allows us to incur additional leverage, which may increase the risk of investing with us.
  • Our business and the businesses of our portfolio companies are dependent on bank relationships and concerns associated with the banking system may adversely impact us.
  • We intend to continue to finance our investments with borrowed money, which will magnify the potential for gain or loss on amounts invested and may increase the risk of investing in us.
  • Because we expect to distribute substantially all of our ordinary income and net realized capital gains to our stockholders, we will need additional capital to finance our growth and such capital may not be available on favorable terms, or at all.
  • Since we are using debt to finance our investments, and we may use additional debt or preferred stock financing going forward, changes in interest rates may affect our cost of capital, net investment income, value of our common stock and our rate of return on invested capital.
  • We are exposed to risks associated with changes in interest rates, including increasing the difficulty for portfolio companies paying loans
  • Inflation has adversely affected and may continue to adversely affect the business, results of operations and financial condition of our portfolio companies.
  • We may expose ourselves to risks by engaging in hedging transactions.
  • Our ability to enter into transactions involving derivatives and financial commitment transactions may be limited.
  • There are significant potential conflicts of interest that could affect our investment returns.
  • There are conflicts related to obligations the Investment Committee, our Investment Adviser or its affiliates have to other clients.
  • The Investment Committee, our Investment Adviser or its affiliates may, from time to time, possess material non-public information, limiting our investment discretion.
  • Our incentive fee structure may create incentives for our Investment Adviser that are not fully aligned with the interests of our stockholders and may induce our Investment Adviser to make speculative investments.
  • The valuation process for certain of our portfolio holdings creates a conflict of interest.
  • We have conflicts related to other arrangements with our Investment Adviser or its affiliates.
  • Our Investment Adviser may be paid incentive compensation even if we incur a net loss, and we cannot recover any portion of the incentive fee previously paid.
  • Our ability to enter into transactions with our affiliates is restricted, which may limit the scope of investments available to us.
  • Our portfolio investments will be recorded at fair value as determined in good faith by the Investment Adviser as the Company’s valuation designee, subject to the oversight of our board of directors. As a result, there will be uncertainty as to the value of our portfolio investments.
  • The lack of liquidity in our investments may adversely affect our business.
  • Price declines and illiquidity in the corporate debt markets may adversely affect the fair value of our portfolio investments, reducing our NAV through increased net unrealized depreciation.
  • We may experience fluctuations in our quarterly results.
  • Changes in laws or regulations governing our operations may adversely affect our business or cause us to alter our business strategy.
  • Our board of directors may change our investment objective, operating policies and strategies without prior notice or stockholder approval.
  • Provisions of the DGCL, our certificate of incorporation and bylaws, and our various debt instruments could deter takeover attempts and have an adverse effect on the price of our common stock and the rights of our common stockholders.
  • Our Investment Adviser can resign on 60 days’ notice, and we may not be able to find a suitable replacement within that time, resulting in a disruption in our operations that could adversely affect our financial condition, business and results of operations.
  • Our Administrator can resign on 60 days’ notice, and we may not be able to find a suitable replacement within that time, resulting in a disruption in our operations that could adversely affect our financial condition, business and results of operations.
  • Efforts to comply with Section 404 of the Sarbanes-Oxley Act involve significant expenditures, and non-compliance with Section 404 of the Sarbanes-Oxley Act may adversely affect us and the market price of our common stock.
  • Our Investment Adviser’s liability is limited under the Investment Advisory Agreement, and we have agreed to indemnify our Investment Adviser against certain liabilities, which may lead our Investment Adviser to act in a riskier manner on our behalf than it would when acting for its own account.
  • Risks Relating to our Investments
  • Our investments may be risky, and you could lose all or part of your investment.
  • We are subject to risks associated with lower middle market companies.
  • We are a non-diversified investment company within the meaning of the 1940 Act, and therefore we are not limited by the 1940 Act with respect to the proportion of our assets that may be invested in securities of a single issuer.
  • Our portfolio may be concentrated in a limited number of portfolio companies and industries, which would subject us to a risk of significant loss if any of these companies defaults on its obligations under any of its debt instruments or if there is a downturn in a particular industry.
  • Our investments in the health care sector face considerable uncertainties including substantial regulatory challenges.
  • We may hold the debt securities and loans of leveraged companies that may, due to the significant volatility of such companies, enter into bankruptcy proceedings.
  • Our portfolio companies may experience financial distress, and our investments in such portfolio companies if they are restructured.
  • Our portfolio companies may be unable to repay or refinance outstanding principal on their loans at or prior to maturity, and rising interest rates may make it more difficult for portfolio companies to make periodic payments on their loans.
  • Economic recessions or downturns could impair our portfolio companies and harm our operating results.
  • We may be subject to risks associated with syndicated loans.
  • We may not realize gains from our equity investments.
  • Our failure to make follow-on investments in our portfolio companies could impair the value of our portfolio, and our ability to make follow-on investments in certain portfolio companies may be restricted.
  • Because we generally do not hold controlling equity interests in our portfolio companies, we will not be in a position to exercise control over our portfolio companies or to prevent decisions by management of our portfolio companies that could decrease the value of our investments.
  • Defaults by our portfolio companies will harm our operating results.
  • Our portfolio companies may incur debt that ranks equally with, or senior to, our investments in such companies.
  • Our portfolio companies may prepay loans, which prepayment may reduce our yields if capital returned cannot be invested in transactions with equal or greater expected yields.
  • The disposition of our investments may result in contingent liabilities.
  • Investments in securities of foreign companies, if any, may involve significant risks in addition to the risks inherent in U.S. investments.
  • We may invest through joint ventures, partnerships or other special purpose vehicles and our investments through these vehicles may entail greater risks, and investments in which we have a non-controlling interest may involve risks specific to third-party management of those investments.
  • Risks Relating to the Credit Facility
  • Our interests in WhiteHorse Credit are subordinated.
  • Credit or market value deterioration in our portfolio companies will harm our operating results.
  • We may not receive cash from WhiteHorse Credit.
  • We may experience an event of default and acceleration under the Credit Facility, which would have a material adverse effect on us.
  • The ability of WhiteHorse Credit to purchase and sell investments is limited.
  • We may lose the ability to manage WhiteHorse Credit even if we continue to own its equity.
  • Risks Relating to our Other Indebtedness
  • The Private Notes and the Public Notes are unsecured and therefore effectively subordinated to any secured indebtedness we have currently incurred or may incur in the future.
  • The Private Notes and the Public Notes are structurally subordinated to the indebtedness and other liabilities of our subsidiaries.
  • We are subject to the risk of an event of default and acceleration under our unsecured debt agreements, which would have a material adverse effect on us.
  • The indenture for the 4.000% 2026 Notes contains limited protection for holders of the 4.000% 2026 Notes.
  • The indenture for the 7.875% 2028 Notes contains limited protection for holders of the 7.875% 2028 Notes.
  • We may not be able to prepay the Private Notes upon a change in control.
  • We may choose to prepay the Private Notes and the Public Notes when prevailing interest rates are relatively low.
  • If we default on our obligations to pay our other indebtedness, we may not be able to make payments on the Private Notes and the Public Notes.
  • FATCA withholding may apply to payments to certain foreign entities.
  • The trading market or market value of any publicly issued debt securities may fluctuate.

Legal proceedings

Although we may, from time to time, be involved in litigation arising out of our operations in the normal course of business or otherwise, each of WhiteHorse Finance, WhiteHorse Advisers and WhiteHorse Administration is currently not a party to any material legal proceeding.

The opening of Item 3, Legal Proceedings.5

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
    SEC EDGAROther events
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48