WhiteHorse lifts credit facility and pushes out temporary increase

By Wendy Van Sickle

Columbus, Ohio, Feb. 10 – WhiteHorse Finance, Inc.’s wholly owned subsidiary WHF Finance Credit I, LLC amended its loan agreement on Feb. 4 to increase availability to $310 million from $285 million, according to an 8-K filing with the Securities and Exchange Commission.

Under the latest amendment, the minimum funding amount was also increased to $217 million from $200 million, a temporary increase of $25 million to $335 million was extended for a six-month period beginning Oct. 4; and an annual interest rate of SOFR plus 250 basis points was set for any borrowings under the $25 million increase and the $25 million temporary increase under the credit agreement.

The amendment applies to the fifth amended and restated loan agreement from April 28, 2021.

JPMorgan Chase Bank, NA is the lender and administrative agent.

Citibank, NA is the collateral agent and securities intermediary.

Virtus Group LP is the collateral administrator.

WhiteHorse is a Miami-based business development company that originates and invests in loans to privately held small-cap companies.

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