Earnings Call Summary | WhiteHorse Finance(WHF.US) Q2 2024 Earnings Conference
Earnings Call Summary | WhiteHorse Finance(WHF.US) Q2 2024 Earnings Conference
The following is a summary of the WhiteHorse Finance (WHF) Q2 2024 Earnings Call Transcript:
以下是WhiteHorse Finance（WHF）2024年Q2季度业绩会交流的摘要：
Financial Performance:
金融业绩：
WhiteHorse Finance reported GAAP net investment income (NII) and core NII of $9.3 million, or $0.40 per share for Q2 2024, which was a decrease from Q1 2024 GAAP and core NII of $10.8 million, or $0.465 per share.
NAV per share ended at $13.45, a 0.4% decrease from the previous quarter, influenced by net markdowns in the portfolio totaling $1.5 million.
The weighted average effective yield on income-producing debt investments increased slightly to 13.8% at the end of Q2 2024.
白马财务（WhiteHorse Finance）2024年Q2季度公布GAAP净投资收益（NII）和核心NII合计930万美元，每股收益为0.40美元，相比2024年Q1季度GAAP和核心NII的1080万美元或每股收益的0.465美元略有下降。
每股净资产（NAV）结束于13.45美元，环比上季度微降0.4％，受到组合总计150万美元的净折价的影响。
收入创造性债务投资的加权平均有效收益率在2024年Q2季度末略有上升，达到13.8％。
Business Progress:
业务进展：
WhiteHorse Finance's investment activity included $55.8 million in gross capital deployments during Q2, primarily through seven new originations and nine add-ons, offset by high repayments and sales totaling $71.7 million.
The BDC transferred several new deals to the Ohio STRS JV, thus, maintaining active portfolio management.
Despite a softer quarter, WhiteHorse continues to focus on originating deals in the non-sponsor sector due to its relative attractiveness.
白马财务的投资活动包括在Q2期间通过7笔新基金和9笔附加债务配置总计达到5580万美元，抵消总计7170万美元的高回报和销售。
商业发展公司将几项新交易转移给俄亥俄州STRS公司，因此保持了活跃的投资组合管理。
尽管本季度市场疲软，但白马财务仍在关注非赞助商领域的交易机会，因为该领域具有相对优势。
Opportunities:
机会：
WhiteHorse is focusing on non-sponsor deals in the current borrower-friendly market, which remains less aggressive compared to sponsor markets.
The company anticipates the Fed will begin to reduce interest rates in Q4 2024, potentially revitalizing economic activities and private equity transactions.
在当前借款人友好市场，白马财务专注于非赞助商交易，该市场相对不如赞助商市场激进。
该公司预计联储委员会将在2024年Q4开始降低利率，可能会重新振兴经济活动和私募股权交易。
Risks:
风险：
Elevated repayment activities and a borrower-friendly credit environment allow borrowers to lever up and potentially refinance at aggressive conditions, which WhiteHorse might avoid due to risk concerns.
The broader economic softening impacts consumer and business demand, adding uncertainty to future portfolio performance.
由于风险问题，高回报的还款活动和借款人友好的信贷环境使借款人能够加杠杆并可能以激进的条件再融资，但白马财务可能会避免这种情况。
广义经济放缓影响消费者和企业需求，增加了未来投资组合绩效的不确定性。
More details: WhiteHorse Finance IR
更多详情请参阅WhiteHorse Finance IR。
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：本文由AI生成。文章内容的准确性无法完全保证。有关更全面的详细信息，请参阅IR网站。本文只是为投资者提供参考，没有任何指导或推荐建议。