Business Context and Reporting Period
This Form 8-K Current Report was filed by WhiteHorse Finance, Inc. (WHF) on January 10, 2022, covering events occurring on January 4, 2022. The Company is a Delaware corporation with its principal executive offices in Miami, Florida, and its common stock trades on the Nasdaq Global Select Market under the symbol "WHF".
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, or general liquidity metrics. The primary financial disclosure relates to the Company's credit facility:
- Credit Facility Base: $285 million.
- Temporary Increased Availability: Up to $335 million.
- Duration of Increase: Four-month period beginning October 4, 2021.
- Lenders/Agents: JPMorgan Chase Bank, N.A. (Lender/Administrative Agent) and Citibank, N.A. (Collateral Agent).
Material Changes
On January 4, 2022, WHF Finance Credit I, LLC, a wholly owned subsidiary, entered into the Third Amendment to its Fifth Amended and Restated Loan Agreement. This amendment extended a temporary increase in borrowing availability under the existing credit facility, allowing the subsidiary to borrow up to $335 million for the specified four-month window.
Guidance, Outlook, and Risks
The filing contains standard forward-looking statements regarding future performance, 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 this report. No specific financial guidance or outlook was provided in this document.
Investor Verification Checklist
- Verify the full terms of the Third Amendment to the Loan Agreement in Exhibit 10.1 (noting that portions are redacted for confidentiality).
- Confirm the expiration date of the temporary $335 million borrowing capacity (four months from October 4, 2021).
- Review subsequent filings to determine if the temporary increase was utilized or if the facility reverted to the $285 million base.
- Check for any covenant breaches or additional amendments related to the credit facility in later reports.