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WhiteHorse Finance, Inc. Announces Quarterly Dividend

  WhiteHorse Finance, Inc. Announces Quarterly Dividend

Business Wire

NEW YORK -- March 11, 2013

WhiteHorse Finance, Inc. (or the "Company") (NASDAQ: WHF) today announced that
its board of directors has declared a dividend of $0.355 per share in respect
to the quarter ending March 31, 2013. The dividend will be payable on April 3,
2013 to shareholders of record as of March 22, 2013.

Distributions are paid from taxable earnings and may include return of capital
and/or capital gains. The specific tax characteristics of the distributions
will be reported to stockholders on Form 1099-DIV after the end of the
calendar year and in the Company's periodic reports filed with the Securities
and Exchange Commission.

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.

Forward-Looking Statements

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.

Contact:

WhiteHorse Finance, Inc.
Alastair Merrick, 212-506-0500
amerrick@whitehorsefinance.com
or
Prosek Partners
Brian Schaffer, 212-279-3115
bschaffer@prosek.com