WhiteHorse Capital offers flexible, creative financing solutions that help our clients achieve their goals.
Founded in 2004, WhiteHorse Capital has a broad investment mandate, including cash flow and asset-based financing, and provides senior and subordinated debt for buyouts, mergers and acquisitions, growth capital, and recapitalizations.
Our team of 70 investment professionals has extensive experience and a proven track record of providing creative financing structures and employing a long term relationship oriented portfolio management philosophy.
WhiteHorse Capital provides a variety of financing solutions across a wide range of industries and capital structures, to sponsor-led businesses as well as directly to owner-operators.
$23.1B
Commitments Issued to Date
315+
Inception to Date Transactions
180+
Deals as Lead/Co-Lead Arranger
Benefits of Working with WhiteHorse
Lend-and-hold strategy allows us to support and grow with a company over time
Decades of experience across industry sectors and financing structures
No external or third-party approvals are required
Expertise in complex situations and custom financing
Open communication throughout the underwriting process
Financing across the capital structure
Downloads
Direct Lending
Investment criteria
- $10 million+ of EBITDA
- Secured debt: First lien, Split lien, Second lien, Uni-tranche
- Transaction size: $40 million – $400 million with the ability to hold up to $200 million per transaction
- Industry agnostic with expertise in Telecom, Media and Technology, Healthcare, Business Services and Financial Services
- Preferred equity: $5 million to $50 million. Equity co-investment capabilities
Transaction types
- Refinancing of existing credit facilities
- Acquisition financing
- Growth capital
- Buyout of existing lenders or shareholders
- Approaching maturity/covenant step-down
Asset-Based Financing
Investment criteria
- Borrowing-base or asset value governed credit facilities
- Lending to bankruptcy-remote SPV borrowers and operating companies
- Portfolios supporting transaction size of $30 million – $200 million
- Secured Debt: Unitranche, First-Out / Last-Out, Second Lien/Mezzanine, Asset purchases
- Subsectors including consumer finance, commercial finance, fund finance, real estate finance, and esoteric asset finance
Transaction types
- Refinance of existing credit facilities
- Acquisition financing
- Growth capital
- Buyout of existing lenders or shareholders
- Approaching maturity/covenant step-down
- Asset purchases
- Dividend recapitalizations