Market News AIOpen the app

WhiteHorse Finance, Inc. will buy back all $34.5 million of its 7.875% Notes due 2028.

MarketRead the original at morningstar.com
Neutral

WhiteHorse plans to redeem $34.5 million of notes, but expects to use proceeds from additional borrowing. The new debt's cost is not stated, so the announcement does not show a clear change in the company's outlook.

WHF · WhiteHorse Finance, Inc.

AI read · Neutral

The AI's read

The plan takes the old notes off the market, but WhiteHorse expects to borrow more to pay them. The new borrowing's cost and terms are not stated, so this does not show whether future interest costs will fall or rise. The outlook therefore stays unchanged based on this announcement.

Get alerts for WHF

Follow WhiteHorse Finance, Inc. (WHF) free. When we publish a story about it, you get the plain-English explanation as an alert.

Get alerts for WHF
Free on the App Store and Google Play, or on the web.