WhiteHorse Finance lowers pricing on term loan, extends maturity

By Marisa Wong

Madison, Wis., Jan. 9 – WhiteHorse Finance, Inc. entered into a third amendment to its term loan agreement on Dec. 22 to reduce the interest rate and extend the maturity date, according to an 8-K filing with the Securities and Exchange Commission.

The amendment reduces the interest rate by 55 basis points, to Libor plus 165 bps from Libor plus 220 bps.

The maturity date of the loans outstanding was extended by one year to July 3, 2016.

The amendment is effective as of Jan. 6.

WhiteHorse entered into the original credit agreement on Nov. 8, 2012 with Citibank, NA as the lead arranger and administrative agent and H.I.G. Bayside Loan Opportunity Fund II, LP as the guarantor.

WhiteHorse is a Miami-based business development company that originates and invests in loans to privately held small-cap companies. Its investment activities are managed by H.I.G. WhiteHorse Advisers, LLC, an affiliate of H.I.G. Bayside.

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