WhiteHorse (WHF) Reports Q3 2026 Earnings with Increased Net Asset Value
WhiteHorse (WHF) reported its third-quarter 2026 financial results, highlighted by a rise in Net Asset Value (NAV) to $11.82 per share, a 0.4% increase from the previous quarter. While GAAP Net Investment Income saw a slight decline to $4.4 million due to nonrecurring noncash expenses, Core Net Investment Income rose to $4.8 million after adjusting for those costs. The company demonstrated improved credit quality, with nonaccruals dropping to 2% of the debt portfolio following the restructuring of Outward Hound. Portfolio performance was bolstered by $2.1 million in net realized and unrealized gains, specifically from Chase Products and Playmonster. Management maintained a conservative credit stance with new origination leverage at 3.6x EBITDA. Looking ahead, WhiteHorse declared a special distribution of $0.17 per share to address spillback income. Despite upcoming unsecured note maturities totaling $85 million in December 2026, the company maintains a strong asset coverage ratio of 177.3%, well above regulatory requirements.
Tickers: $WHF
Topics: Debt Portfolio Net Asset Value Net Investment Income Portfolio Markups