WhiteHorse Finance, Inc. (NASDAQ:WHF) Q4 2022 Earnings Call Transcript

Operator: Thank you. At this time, we have no further questions in queue. I’ll turn the call back over to management for any additional or closing remarks.

Stuart Aronson: I’d just say in closing that the market environment that we’re in right now is a little bit more liquid than it was in Q4. We’ve seen pricing moderate in Q1 by about 25 basis points. If that held on, that would imply that the mark on performing assets in Q1 could be a little higher than the mark was in Q4. Again, we mark to whatever the market prices are. And in Q4, we saw especially the lower mid market adjust, as I said on my prepared marks as a number of lower mid market lenders, finally adjusted to the market shift. So, it’s an attractive market environment right now, modest leverage, limited add-backs to synergies in the analyses that our buyers are doing. And we are looking forward to putting money to work in what is a attractive market environment so far of 2023, which again has worked out to be pretty much as attractive as Q2, Q3 and Q4 of 2022.

With that, hope we’ve given you transparency. Anything that you want to hear about on the next call, either shareholders or analysts, please let us know so we can make sure that these calls are as useful to everybody as they possibly can be. And thank you for taking the time.

Operator: Thank you. This concludes today’s WhiteHorse Finance fourth quarter and full year 2022 earnings conference call. You may disconnect your line, and have a wonderful day.