WhiteHorse Finance Provides Financing for Advanced Tissue

  WhiteHorse Finance Provides Financing for Advanced Tissue

Business Wire

MIAMI -- March 21, 2013

WhiteHorse Finance, Inc. (or the "Company") (NASDAQ: WHF) announced today that
it has provided a $17 million Senior Secured Financing Facility for
Comprehensive Decubitus Therapy, Inc. (also known as “Advanced Tissue”).
WhiteHorse Finance’s investment includes a revolving credit facility and a
senior secured term loan.

Headquartered in Little Rock, Arkansas, Advanced Tissue is a leading supplier
of wound care products to individuals, clinics, and senior care facilities.
Advanced Tissue offers a broad array of products for the treatment of wounds
arising from diabetes and other chronic conditions. FirstSouthwest, a
diversified investment bank, acted as financial advisor to Advanced Tissue in
this transaction.

WhiteHorse Finance has extensive experience investing in healthcare companies,
including past investments in acute care providers, senior care and
pharmaceutical companies.

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:

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