WhiteHorse Finance Enters New Debt Agreement

TL;DR

WHF just signed a new debt deal for its 2028 notes.

AI Summary

On November 21, 2024, WhiteHorse Finance, Inc. entered into a material definitive agreement related to its 7.875% Notes due 2028. This agreement constitutes a direct financial obligation for the registrant. The filing also includes financial statements and exhibits.

Why It Matters

This filing indicates a new financial obligation for WhiteHorse Finance, Inc., which could impact its debt structure and financial leverage.

Risk Assessment

Risk Level: medium — Entering into new financial obligations can increase leverage and alter the company's risk profile.

Key Numbers

• 7.875% — Interest Rate (Interest rate on the notes due 2028)
• 2028 — Maturity Year (Maturity year of the notes)

Key Players & Entities

• WhiteHorse Finance, Inc. (company) — Registrant
• 7.875% Notes due 2028 (dollar_amount) — Specific debt instrument
• November 21, 2024 (date) — Date of material definitive agreement

FAQ

Key Financial Figures

• $0.001 — ch Registered Common Stock, par value $0.001 per share WHF The Nasdaq Stock Mark

Filing Documents

• tm2429628d1_8k.htm (8-K) — 33KB
• tm2429628d1_10-1.htm (EX-10.1) — 632KB
• tm2429628d1_ex10-1img001.jpg (GRAPHIC) — 3KB
• 0001104659-24-123235.txt ( ) — 1017KB
• whf-20241121.xsd (EX-101.SCH) — 4KB
• whf-20241121_def.xml (EX-101.DEF) — 26KB
• whf-20241121_lab.xml (EX-101.LAB) — 36KB
• whf-20241121_pre.xml (EX-101.PRE) — 25KB
• tm2429628d1_8k_htm.xml (XML) — 5KB

01. Entry into a Material Definitive

Item 1.01. Entry into a Material Definitive Agreement. On November 21, 2024, WhiteHorse Finance Credit I, LLC ("WhiteHorse Credit"), a wholly owned subsidiary of WhiteHorse Finance, Inc. (the "Company"), entered into an Eighth Amendment by and among WhiteHorse Credit, as borrower, JPMorgan Chase Bank, National Association, as lender and administrative agent, Citibank, N.A., as collateral agent and securities intermediary, the Company, as portfolio manager, and Virtus Group LP, as collateral administrator (the "Eighth Amendment") to amend the terms of the Fifth Amended and Restated Loan Agreement, dated April 28, 2021 (as previously amended on July 15, 2021, October 4, 2021, January 4, 2022, February 4, 2022, March 30, 2022, April 12, 2023 and June 28, 2024), by and among WhiteHorse Credit, as borrower, JPMorgan Chase Bank, National Association, as lender and administrative agent, Citibank, N.A., as collateral agent and securities intermediary, the Company, as portfolio manager, and Virtus Group LP, as collateral administrator (as amended, the "Amended Loan Agreement"). As amended by the Eighth Amendment, prong (i) of the definition of "Reinvestment Period" is extended by a one-month period, from November 22, 2024 to December 22, 2024. The description above is only a summary of the modifications pursuant to the Eighth Amendment and is qualified in its entirety by reference to a copy of the Eighth Amendment which attaches the Amended Loan Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

03. Creation of a Direct Financial

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K may contain "forward-looking facts included in this Current Report on Form 8-K 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 Current Report on Form 8-K.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits 10.1 Eighth Amendment to Fifth Amended and Restated Loan Agreement, dated November 21, 2024, by and among WhiteHorse Finance Credit I, LLC, as borrower, JPMorgan Chase Bank, National Association, as lender and administrative agent, Citibank, N.A., as collateral agent and securities intermediary, WhiteHorse Finance, Inc., as portfolio manager, and Virtus Group LP, as collateral administrator 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: November 26, 2024 WHITEHORSE FINANCE, INC. /s/ Joyson C. Thomas By: Joyson C. Thomas Title: Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR