MIAMI--(BUSINESS WIRE)--WhiteHorse Finance, Inc. (or the "Company") (NASDAQ: WHF) announced today that it has participated in a $247 million Senior Secured Financing Facility (the “Facility”) for Grupo HIMA (“HIMA”). WhiteHorse Finance’s investment includes participations in the first lien and second lien tranches of the Facility.
Headquartered in Bayamon, a suburb of San Juan, HIMA is the leading hospital operator in Puerto Rico. HIMA operates four stand-alone hospitals and over 1,000 beds in major population centers on the east end of the island. HIMA has received several recent awards recognizing its leadership in key specialties and medical technologies.
WhiteHorse Finance has extensive experience investing in healthcare companies, including past investments in acute care providers, senior care and pharmaceutical companies.
About WhiteHorse Finance, Inc.
WhiteHorse Finance, Inc. is a business development company that originates and invests in loans to privately held small-cap companies across a broad range of industries. The Company’s investment activities are managed by its investment adviser, H.I.G. WhiteHorse Advisers, LLC, an affiliate of H.I.G. Capital, L.L.C. (“H.I.G. Capital”). H.I.G. Capital is a leading global alternative asset manager managing approximately $11 billion of capital as of December 31, 2012 across a number of funds focused on the small-cap market. For more information about H.I.G. Capital, please visit http://www.higcapital.com. For more information about the Company, please visit http://www.whitehorsefinance.com.
Forward-Looking Statements
This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.