WhiteHorse Finance Prices Baby Bonds

BDC WhiteHorse Finance (NASDAQ:WHF) has priced their new issue of baby bonds with a coupon of 6.50%. The issue will have a maturity date in 2025. The issue will have an optional redemption beginning in 2021.

The company will issue 1.32 million shares with another 198,000 available for overallotment.

WHFBZ will be the ticker symbol of the new issue–there will be no OTC grey market trading.  Investors will have to watch their broker website for the start of trading which is likely by the 15th of the month.

Tonight the SEC filing has not been posted, but the company announcement on the pricing can be seen here.

Investors will remember that the previous baby bond issue of WhiteHorse had a coupon of 6.5%–this issue was called this past August.  While the company did not reduce their interest rate by calling the old issue and selling a new issue they did move the maturity out 5 years as the previous issue matured in 2020.

UPDATE–here is the Pricing Term Sheet

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