WHF - WhiteHorse Finance: 12% BDC Yield Mr. Market Says 'Meh'

2024-04-19 09:15:00 ET

Summary

• WhiteHorse Finance benefits from higher interest rates due to its mostly floating rate assets.
• WHF's yields have been rising since early 2022, reaching 13.7% in Q4 2023.
• WHF's portfolio consists of 80% 1st Lien Loans, with top industry exposures in Broadline Retail, Application Software, and Chemicals.

Will interest rates be higher for longer?

If so, it should benefit business development companies, BDCs, such as WhiteHorse Finance ( WHF ) which have mostly floating rate assets, and fixed rate debts. WHF has 99.1% in floating rate assets....

For further details see: