WhiteHorse Finance amends credit facility to SOFR+2.50% and adds recurring revenue loans

WhiteHorse Finance, Inc.

Interest rate on borrowings changed to Term SOFR plus 2.50% per annum, transitioning from LIBOR.
Recurring revenue loans permitted as investment type, capped at 15% of aggregate portfolio debt and 5% of principal balance.
Outstanding advances of ~$223.7M transition from LIBOR to Term SOFR for the current calculation period as of April 12, 2023.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

WhiteHorse Finance, Inc. amended Sixth Amendment with JPMorgan Chase Bank, National Association (effective 2023-04-12).

Action: amendment
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, National Association
Effective: 2023-04-12

Exact text from the filing

On April 12, 2023, WhiteHorse Finance Credit I, LLC (“WhiteHorse Credit”), a wholly owned subsidiary of WhiteHorse Finance, Inc. (the “Company”), entered into a Sixth 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 “Sixth Amendment”)

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WhiteHorse Finance, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-045028

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