WhiteHorse Finance reports Q1 NII 29.4c, consensus 33c

Stuart Aronson, WhiteHorse Finance’s (WHF) Chief Executive Officer, commented, “Our first-quarter results continued to reflect company-specific challenges that obscure the underlying stability of our broader portfolio. While the BDC’s earnings power has moderated relative to a year ago, we are actively addressing underperforming investments by leveraging the expertise of our dedicated restructuring team. Our deal pipeline is consistent with seasonal norms in terms of volume, though we are seeing fewer high-quality opportunities compared to this time last year. We continue to be active in the non-sponsor market and have expanded our origination capabilities to a 13th region. By maintaining our focus on credits with solid fundamentals, we believe we are well-positioned to navigate the current environment and support long-term value creation for our shareholders.”