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Mar 31, 2022
Whitehorse Finance Q1 2022 Earnings Report
Reported positive results driven by active capital deployments and a well-positioned investment portfolio in a rising interest rate environment.
Key Takeaways
WhiteHorse Finance announced its financial results for the first quarter of 2022, highlighted by record capital deployments of $83.6 million and a net investment income of $8.5 million, or $0.368 per share. The company's investment portfolio totaled $800.4 million, with a weighted average effective yield of 9.2%.
Net Asset Value of $347.9 million, or $14.99 per share
Investment portfolio totaling $800.4 million
Gross investment deployments of $83.6 million
Net investment income of $8.5 million, or $0.368 per share
Whitehorse Finance
Whitehorse Finance
Forward Guidance
WhiteHorse Finance believes its investment portfolio is well-positioned to benefit from a rising interest rate environment. The lending market remains active and competitive, and their pipeline for future deal flow remains strong.
Positive Outlook
- The company believes its investment portfolio is well-positioned to benefit from a rising interest rate environment.
- Nearly 100% of the debt portfolio is comprised of floating rate debt investments.
- The company is confident that the majority of its portfolio companies will be able to service debt in a rising interest rate environment.
- The lending market remains active and competitive.
- The pipeline for future deal flow remains strong due in part to the differentiated three-tiered sourcing approach and relationship with the leading H.I.G. platform.