Business Context and Reporting Period
This Form 8-K was filed by WhiteHorse Finance, Inc. on March 10, 2026. The report details a material definitive agreement entered into by WhiteHorse Finance Credit I, LLC, a wholly owned subsidiary of the Company.
Key Financial Metrics and Debt
- Financing Commitments: Reduced from $100,000,000 to $50,000,000 effective March 10, 2026.
- Fee Waiver: Lenders waived a 1.00% premium otherwise entitled under Section 4.03(c)(ii) of the Amended Loan Agreement.
- Revenue, Profit, and Cash Flow: The filing text does not provide a clear value for these metrics as this is a current report regarding a specific agreement, not a periodic financial statement.
Material Changes
The primary material change is the amendment of the Fifth Amended and Restated Loan Agreement (originally dated April 28, 2021) via the "Twelfth Amendment." This amendment significantly reduces the total financing commitments available to the subsidiary by 50%.
Guidance, Outlook, and Risks
The filing includes standard forward-looking statements, noting that actual results may differ materially due to various risks and uncertainties. The Company explicitly states it undertakes no duty to update any forward-looking statements made in the report. No specific guidance or outlook regarding future performance was provided in this text.
Investor Verification Checklist
- Verify the impact of the $50 million reduction in financing commitments on the Company's liquidity and leverage ratios.
- Review the full text of the Twelfth Amendment (Exhibit 10.1) for any covenants or conditions triggered by the reduction.
- Confirm the status of the 7.875% Notes due 2028 (WHFCL) and Common Stock (WHF) trading on Nasdaq in light of the debt restructuring.
- Assess whether the waiver of the 1.00% premium indicates a broader renegotiation of terms with JPMorgan Chase Bank and Citibank.