WhiteHorse Capital Provides New Credit Facility to KORE Wireless Group Inc.
September 23, 2026 – WhiteHorse Capital is pleased to announce that it has acted as Administrative Agent on a new first lien credit facility to support Searchlight Capital (“Searchlight”) as majority owner in its take-private of KORE Wireless Group Inc. (“Kore” or the “Company”), alongside minority owner Abry Partners (“Abry”). Kore is a global provider of Internet of Things (“IoT”) solutions, offering a range of IoT services to key end markets in connected healthcare, fleet management, industrial, asset management, and retail. WhiteHorse initially provided financing to Kore in November 2023, which was refinanced as part of this transaction.
“Kore is a market leader in mission-critical IoT connectivity and solutions, and we see significant opportunity to support its continued transformation as a private company,” said Andrew Frey, Partner at Searchlight. “We are pleased to have WhiteHorse Capital lead a financing that gives Kore the flexibility to execute on its long-term plan.”
Jason Hicks, Managing Director at WhiteHorse Capital, added, “Having first financed Kore in November 2023, we know this business well, and we were pleased to deliver a seamless financing solution to support Searchlight and Abry’s take-private. Kore’s scaled IoT platform, strong revenue retention, and strengthened leadership team create a compelling opportunity, and we look forward to supporting the Company in its next phase of growth.”
About Kore
Founded in 2003 and headquartered in Atlanta, GA, KORE Wireless Group Inc. has been a leading provider of IoT connectivity for over 20 years, offering connectivity, location-based services, device management, and managed/professional services with approximately 20 million active connections. Its mission is to simplify the complex world of IoT through seamless, scalable connectivity solutions, with continued investment in 5G and next-generation technologies.
About Searchlight Capital Partners, L.P.
Searchlight is a global private investment firm with $17 billion in assets under management and offices in London, New York, Miami and Toronto. Founded on the principle that creative, engaged ownership creates superior outcomes, Searchlight partners with management teams to build market-leading businesses across its core sectors of telecommunications, media, business, industrial and financial services. Searchlight seeks to invest in businesses where its flexible approach and strategic support accelerate value creation for all stakeholders, leveraging deep sector expertise and a global network to help portfolio companies realize their full potential. For more information, please visit www.searchlightcap.com.
About WhiteHorse Capital
WhiteHorse Capital provides debt financing to sponsor and non-sponsor owned middle market companies across a wide range of industries, including Business Services, Financial Services, Industrials, Infrastructure, TMT, Healthcare, and Consumer. WhiteHorse Capital has a broad investment mandate, including cash flow lending, specialty finance, and asset based lending, and provides senior and subordinated debt for buyouts, mergers and acquisitions, growth capital, and recapitalizations. WhiteHorse Capital professionals, located throughout the U.S. and Europe, have extensive experience and a proven track record of providing creative financing structures and employing a long term relationship oriented portfolio management philosophy. For more information, please visit our website at whitehorse.com.