WhiteHorse Finance Issues New Notes

Ticker: WHFCL · Form: 8-K · Filed: Dec 26, 2024 · CIK: 1552198

Whitehorse Finance, Inc. 8-K Filing Summary
FieldDetail
CompanyWhitehorse Finance, Inc. (WHFCL)
Form Type8-K
Filed DateDec 26, 2024
Risk Levelmedium
Pages3
Reading Time3 min
Key Dollar Amounts$0.001
Sentimentneutral

Sentiment: neutral

Topics: debt-issuance, financing, material-definitive-agreement

TL;DR

WHF just took on new debt: 7.875% notes due 2028.

AI Summary

On December 19, 2024, WhiteHorse Finance, Inc. entered into a material definitive agreement related to the issuance of Seven Point Eight Seven Five Percent Notes Due Twenty Twenty-Eight. This agreement creates a direct financial obligation for the registrant.

Why It Matters

This filing indicates WhiteHorse Finance is taking on new debt, which could impact its financial leverage and future interest expenses.

Risk Assessment

Risk Level: medium — The issuance of new debt increases the company's financial leverage and potential interest payment obligations.

Key Numbers

  • 7.875% — Interest Rate (Annual interest rate on the newly issued notes.)
  • 2028 — Maturity Year (Year the principal of the notes is due.)

Key Players & Entities

  • WhiteHorse Finance, Inc. (company) — Registrant
  • Seven Point Eight Seven Five Percent Notes Due Twenty Twenty-Eight (dollar_amount) — Debt Instrument
  • December 19, 2024 (date) — Date of Agreement

FAQ

What is the principal amount of the Seven Point Eight Seven Five Percent Notes Due Twenty Twenty-Eight?

The filing does not specify the principal amount of the notes.

Who is the underwriter or agent for this note issuance?

The filing does not name any underwriters or agents for the note issuance.

Are there any covenants associated with these new notes?

The filing does not detail specific covenants related to the notes.

What is the intended use of the proceeds from this note issuance?

The filing does not state the intended use of the proceeds.

Does this debt issuance change WhiteHorse Finance's credit rating?

The filing does not mention any impact on the company's credit rating.

Filing Stats: 861 words · 3 min read · ~3 pages · Grade level 12.2 · Accepted 2024-12-26 16:05:55

Key Financial Figures

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

Filing Documents

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On December 19, 2024, WhiteHorse Finance Credit I, LLC ("WhiteHorse Credit"), a wholly owned subsidiary of WhiteHorse Finance, Inc. (the "Company"), entered into a Ninth 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 "Ninth 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, June 28, 2024 and November 21, 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 Ninth Amendment, prong (i) of the definition of "Reinvestment Period" is extended by a one-month period, from December 22, 2024 to January 22, 2025. The description above is only a summary of the modifications pursuant to the Ninth Amendment and is qualified in its entirety by reference to a copy of the Ninth 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. 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 statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical 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 Ninth Amendment to Fifth Amended and Restated Loan Agreement, dated December 19, 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: December 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

View on ReadTheFiling | About | Contact | Privacy | Terms

Data from SEC EDGAR. Not affiliated with the SEC. Not investment advice. © 2026 OpenDataHQ.