WhiteHorse Finance Provides Financing for Advanced Tissue
MIAMI--(BUSINESS WIRE)-- WhiteHorse Finance, Inc. (or the "Company") (NAS: WHF) announced today that it has provided a $17 million Senior Secured Financing Facility for Comprehensive Decubitus Therapy, Inc. (also known as "Advanced Tissue"). WhiteHorse Finance's investment includes a revolving credit facility and a senior secured term loan.
Headquartered in Little Rock, Arkansas, Advanced Tissue is a leading supplier of wound care products to individuals, clinics, and senior care facilities. Advanced Tissue offers a broad array of products for the treatment of wounds arising from diabetes and other chronic conditions. FirstSouthwest, a diversified investment bank, acted as financial advisor to Advanced Tissue in this transaction.
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.
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.
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