WhiteHorse Finance: Growing Non-Accruals And Lower Earnings (Rating Downgrade)
WhiteHorse Finance(WHF) Seeking Alpha·2024-09-02 20:00
Somogyvari/E+ via Getty Images Overview When I previously covered WhiteHorse Finance (NASDAQ:WHF), the business development company provided solid distribution coverage through earnings but lacked any impactful NAV growth over time. I wanted to take some time to revisit WHF since their Q2 earnings were recently reported. WHF is an externally managed business development company that generates its earnings by making various forms of debt investments to lower middle market companies. WHF has a public inceptio ...