Earnings Call Summary | WhiteHorse Finance(WHF.US) Q2 2024 Earnings Conference
Earnings Call Summary | WhiteHorse Finance(WHF.US) Q2 2024 Earnings Conference
The weighted average effective yield on income-producing debt investments increased slightly to 13.8% at the end of Q2 2024.The following is a summary of the WhiteHorse Finance (WHF) Q2 2024 Earnings Call Transcript:
以下是WhiteHorse Finance（WHF）2024年Q2季度業績會交流的摘要：
Financial Performance:
金融業績：
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.
白馬財務（WhiteHorse Finance）2024年Q2季度公佈GAAP淨投資收益（NII）和核心NII合計930萬美元，每股收益爲0.40美元，相比2024年Q1季度GAAP和核心NII的1080萬美元或每股收益的0.465美元略有下降。
每股淨資產（NAV）結束於13.45美元，環比上季度微降0.4％，受到組合總計150萬美元的淨折價的影響。
收入創造性債務投資的加權平均有效收益率在2024年Q2季度末略有上升，達到13.8％。
Business Progress:
業務進展：
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.
白馬財務的投資活動包括在Q2期間通過7筆新基金和9筆附加債務配置總計達到5580萬美元，抵消總計7170萬美元的高回報和銷售。
商業發展公司將幾項新交易轉移給俄亥俄州STRS公司，因此保持了活躍的投資組合管理。
儘管本季度市場疲軟，但白馬財務仍在關注非贊助商領域的交易機會，因爲該領域具有相對優勢。
Opportunities:
機會：
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.
在當前借款人友好市場，白馬財務專注於非贊助商交易，該市場相對不如贊助商市場激進。
該公司預計聯儲委員會將在2024年Q4開始降低利率，可能會重新振興經濟活動和私募股權交易。
Risks:
風險：
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.
由於風險問題，高回報的還款活動和借款人友好的信貸環境使借款人能夠加槓桿並可能以激進的條件再融資，但白馬財務可能會避免這種情況。
廣義經濟放緩影響消費者和企業需求，增加了未來投資組合績效的不確定性。
More details: WhiteHorse Finance IR
更多詳情請參閱WhiteHorse Finance IR。
Tips: 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：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。