Filing Analysis
WhiteHorse Finance, Inc. announced its quarterly distribution and financial results for the second quarter ended June 30, 2026. The filing includes a press release and an earnings presentation.
📋 Key Facts
- Report date: August 10, 2026
- Reporting period: Second Quarter ended June 30, 2026
- Announced quarterly distribution in conjunction with financial results
- Furnished Exhibit 99.1 (Press Release) and Exhibit 99.2 (Earnings Presentation)
WhiteHorse Finance, Inc. reported the results of its annual meeting of stockholders held on August 3, 2026. Stockholders approved the election of three Class II directors and ratified Deloitte & Touche LLP as the company's independent auditor for the fiscal year ending December 31, 2026.
📋 Key Facts
- Annual Meeting held on August 3, 2026.
- Proposal 1: Election of three Class II directors (Stuart Aronson, Jay Carvell, and Rick P. Frier) was approved.
- Proposal 2: Ratification of Deloitte & Touche LLP as independent registered public accounting firm for FY ending Dec 31, 2026, was approved with 12,319,626 votes in favor.
- Total shares entitled to vote on record date (June 8, 2026): 21,476,471 shares.
WhiteHorse Finance, Inc. issued a press release regarding the issuance of 7.875% Notes due 2028 (Ticker: WHFCL). The filing serves as a Regulation FD disclosure to provide public access to information related to this debt offering.
📋 Key Facts
- Issuance of 7.875% Notes due 2028
- Trading symbol for the notes is WHFCL on Nasdaq Global Select Market
- Report date: July 28, 2026
- Filed under Item 7.01 (Regulation FD Disclosure)
WhiteHorse Finance, Inc. reported its financial results for the first quarter ended March 31, 2026, and announced a quarterly distribution. The filing includes the official press release and an earnings presentation for investors.
📋 Key Facts
- Financial results for the quarter ended March 31, 2026, were released on May 7, 2026.
- The company declared a quarterly distribution to shareholders.
- Earnings presentation (Exhibit 99.2) was furnished to provide additional context on performance.
- The report was signed by Joyson C. Thomas, Chief Financial Officer.
WhiteHorse Finance, Inc. issued a press release on April 23, 2026, and furnished the information under Regulation FD. The filing does not disclose the specific contents of the press release within the main body of the 8-K.
📋 Key Facts
- The filing was made on April 23, 2026, under Item 7.01 (Regulation FD Disclosure).
- A press release was issued on the same date and included as Exhibit 99.1.
- The company has common stock (WHF) and 7.875% Notes due 2028 (WHFCL) registered on the Nasdaq Global Select Market.
- The information furnished is not deemed 'filed' for purposes of Section 18 of the Exchange Act.
WhiteHorse Finance, Inc. entered into a twelfth amendment to its subsidiary's loan agreement with JPMorgan Chase Bank, resulting in a 50% reduction of financing commitments. The total commitment was lowered from $100 million to $50 million, with lenders waiving a standard 1.00% premium fee for the reduction.
🚩 Red Flags
- Significant 50% reduction in available credit capacity, which may indicate a contraction in the company's investment pipeline or deleveraging pressure.
- High frequency of amendments (12 amendments since April 2021) suggests frequent renegotiation of debt terms.
📋 Key Facts
- The Twelfth Amendment to the Fifth Amended and Restated Loan Agreement was executed on March 10, 2026.
- Financing commitments for WhiteHorse Finance Credit I, LLC were reduced from $100,000,000 to $50,000,000.
- JPMorgan Chase Bank, N.A. serves as the administrative agent and lender.
- Lenders waived a 1.00% premium fee otherwise due under Section 4.03(c)(ii) of the agreement.
- The underlying loan agreement has been amended twelve times since April 2021.
WhiteHorse Finance, Inc. has dismissed Crowe LLP and appointed Deloitte & Touche LLP as its new independent registered public accounting firm for the fiscal year ending December 31, 2026. The transition follows a long-term relationship with Crowe dating back to 2006 and was conducted without any reported disagreements or accounting issues.
📋 Key Facts
- Crowe LLP dismissed as the independent auditor effective upon the issuance of the 2025 fiscal year financial statements.
- Deloitte & Touche LLP appointed as the new auditor for the fiscal year ending December 31, 2026.
- Crowe LLP had served as the company's auditor since 2006.
- No disagreements on accounting principles, practices, or financial statement disclosures were reported for the fiscal years 2023 and 2024.
- The change was recommended by the Audit Committee and approved by the Board of Directors on February 26, 2026.
WhiteHorse Finance, Inc. reported its financial results for the fourth quarter and fiscal year ended December 31, 2025, and announced a quarterly distribution. The filing includes a press release and an earnings presentation for investors.
📋 Key Facts
- Reported Q4 and full-year 2025 financial results on March 2, 2026.
- Announced a quarterly distribution to shareholders.
- Furnished an earnings presentation as Exhibit 99.2.
- The company's 7.875% Notes due 2028 (WHFCL) and Common Stock (WHF) are listed on Nasdaq.
WhiteHorse Finance, Inc. (WHF) filed a routine 8-K on February 20, 2026, furnishing a press release under Regulation FD (Item 7.01). The filing is a standard Reg FD template with no substantive disclosures visible in the 8-K itself; the actual news content resides in the unattached Exhibit 99.1 press release. No red flags are present in the filing structure.
🚩 Red Flags
- Exhibit 99.1 (press release) content not available for review — substance of disclosure unknown and could contain material negative information
📋 Key Facts
- WhiteHorse Finance issued a press release on February 20, 2026, furnished as Exhibit 99.1 under Regulation FD
- WHF is a Delaware-incorporated BDC headquartered at 1450 Brickell Avenue, 31st Floor, Miami, FL 33131
- Company has two Nasdaq-listed securities: common stock (WHF) and 7.875% Notes due 2028 (WHFCL)
- Filing signed by CFO Joyson C. Thomas
- Information is 'furnished' (not 'filed'), limiting liability under Section 18 of the Exchange Act
- The actual press release content (Exhibit 99.1) is not included in the filing text provided for analysis
WhiteHorse Finance, Inc. announced its third quarter 2025 financial results and a quarterly distribution via press release. The filing includes an earnings presentation for regulatory compliance.
📋 Key Facts
- Company reported Q3 2025 financial results ended September 30, 2025.
- The company announced its quarterly distribution on November 10, 2025.
- Filing includes an earnings presentation (Exhibit 99.2) for Regulation FD purposes.
WhiteHorse Finance, Inc. issued a press release announcing a special distribution to shareholders and the upcoming release of its Q3 2025 financial results scheduled for November 10, 2025.
📋 Key Facts
- Company announced a special distribution (details in Exhibit 99.1).
- Q3 2025 financial results are anticipated to be released on November 10, 2025.
- The filing was signed by CFO Joyson C. Thomas on October 15, 2025.
WhiteHorse Finance, Inc. has amended and restated its Bylaws to remove redundant provisions that overlapped with Delaware General Corporation Law or common law.
📋 Key Facts
- The Board of Directors approved the Second Amended and Restated Bylaws on August 9, 2025.
- The amendment's primary purpose is to repeal redundant provisions regarding Delaware law.
- The changes became effective immediately upon Board approval.
WhiteHorse Finance, Inc. filed an 8-K/A to amend and restate its Second Quarter 2025 Earnings Presentation originally filed on August 7, 2025. The amendment is intended solely to correct a clerical error in the 'Commitment' column of the debt outstanding table.
🚩 Red Flags
- Restatement of financial presentation data, indicating potential internal control weaknesses regarding financial reporting accuracy.
- Amendment filed immediately (one day) after the original filing suggests high volatility in reporting quality or rushed disclosure processes.
📋 Key Facts
- The filing is an Amendment No. 1 (8-K/A) to the original report filed on August 7, 2025.
- The purpose of the amendment is to correct the 'Commitment' column within the 'Current Debt Outstanding (as of June 30, 2025)' table found on page 18 of Exhibit 99.2.
- No other changes were made to the original Form 8-K content except for the replacement of Exhibit 99.2 with a corrected version (Exhibit 99.1).
- The error was identified in the debt reporting section of the Q2 2025 earnings presentation.
WhiteHorse Finance, Inc. announced its quarterly distribution and financial results for the second quarter ended June 30, 2025. The filing includes a press release and an earnings presentation as part of standard regulatory disclosure.
📋 Key Facts
- Announced quarterly distribution for Q2 2025 (ended June 30, 2025).
- Released financial results via press release (Exhibit 99.1).
- Provided an earnings presentation (Exhibit 99.2) per Regulation FD requirements.
WhiteHorse Finance, Inc. reported the results of its annual meeting of stockholders held on July 30, 2025. Stockholders approved the election of two Class I directors and ratified Crowe LLP as the company's independent registered public accounting firm for the fiscal year ending December 31, 2025.
📋 Key Facts
- Annual Meeting held on July 30, 2025.
- Proposal 1: Election of G. Stacy Smith and John P. Volpe as Class I directors (both approved).
- Proposal 2: Ratification of Crowe LLP as independent registered public accounting firm for FY2025 (approved).
- Total shares entitled to vote on record date (June 6, 2025): 23,243,088 shares.
WhiteHorse Finance, Inc. issued a press release regarding the issuance of 7.875% Notes due 2028 under the ticker WHFCL.
📋 Key Facts
- Issuance of 7.875% Notes due 2028
- Trading symbol for notes: WHFCL
- Filed on July 25, 2025
- Signed by CFO Joyson C. Thomas
WhiteHorse Finance, Inc., through its subsidiary WhiteHorse Credit I, LLC, entered into an Eleventh Amendment to its existing Fifth Amended and Restated Loan Agreement with JPMorgan Chase Bank. The amendment significantly reduces the financing commitment amount and modifies prepayment rights.
🚩 Red Flags
- Significant reduction in available financing commitments (from $235M down to $100M), representing a 57% decrease in liquidity capacity under this facility.
- Retroactive adjustment of the 'Optional Commitment Reduction Date' from July 17 back to June 23, suggesting an immediate impact on capital structure.
📋 Key Facts
- The Eleventh Amendment was entered into on June 27, 2025.
- Financing Commitments were reduced from $235,000,000 to $100,000,000 effective on the Optional Commitment Reduction Date.
- The 'Optional Commitment Reduction Date' was retroactively changed from July 17, 2025, to June 23, 2025.
- WhiteHorse Credit's right to prepay outstanding advances in whole or in part on the Optional Commitment Reduction Date has been removed.
WhiteHorse Finance, Inc. completed a $298.15 million term debt securitization transaction (CLO Transaction) through its subsidiary, WhiteHorse Finance CLO I, LLC. The transaction involves the issuance of various classes of secured and subordinated notes backed by middle market loans.
🚩 Red Flags
- Increased leverage through a significant $298.15 million debt securitization.
📋 Key Facts
- Completed a $298.15 million collateralized loan obligation (CLO) transaction on June 10, 2025.
- The debt was issued via WhiteHorse Finance CLO I, LLC, a Delaware limited liability company.
- Secured Notes include: $164M AAA(sf) Class A ($SOFR + 1.70%), $30M AA(sf) Class B ($SOFR + 2.15%), and $24M A(sf) Class C ($SOFR + 2.80%).
- Subordinated Notes totaling $70.15 million were issued; the Company will continue to retain these notes.
- The debt is scheduled to mature on May 25, 2037.
- H.I.G. Capital, LLC will serve as the Investment Manager for the collateral management agreement.
WhiteHorse Finance, Inc. announced its quarterly distribution and financial results for the first quarter ended March 31, 2025. The filing includes a press release regarding earnings and an investor presentation.
📋 Key Facts
- Report date: May 12, 2025
- Reporting period: First quarter ended March 31, 2025
- Announced quarterly distribution for Q1 2025
- Furnished earnings presentation (Exhibit 99.2)
WhiteHorse Finance, Inc. issued a press release regarding the issuance of 7.875% Notes due 2028 (Ticker: WHFCL). The filing is primarily a Regulation FD disclosure to provide public access to information related to this debt instrument.
📋 Key Facts
- Issuance of 7.875% Notes due 2028
- Trading symbol for the notes: WHFCL
- Filed on April 28, 2025
- The filing includes a press release as Exhibit 99.1
WhiteHorse Finance, Inc. announced its quarterly distribution and financial results for the fourth quarter and fiscal year ended December 31, 2024. The filing includes a press release and an earnings presentation as exhibits.
📋 Key Facts
- Report date: March 7, 2025
- Reporting period: Fourth quarter and fiscal year ended December 31, 2024
- Announced quarterly distribution for shareholders
- Furnished earnings presentation (Exhibit 99.2) under Regulation FD
WhiteHorse Finance, Inc. issued a press release regarding the issuance of 7.875% Notes due 2028 (Ticker: WHFCL) on February 3, 2025.
📋 Key Facts
- Issuance of 7.875% Notes due 2028
- Trading symbol for the notes is WHFCL
- The filing includes a press release as Exhibit 99.1
- Report date: February 3, 2025
WhiteHorse Finance, Inc., through its subsidiary WhiteHorse Credit I, LLC, entered into a Tenth Amendment to its Fifth Amended and Restated Loan Agreement on January 17, 2025. The amendment primarily serves to extend key terms of the credit facility and reduce interest rate margins.
🚩 Red Flags
- Frequent amendments: This is the tenth amendment to the Fifth Amended and Restated Loan Agreement, indicating a highly active/evolving credit structure.
📋 Key Facts
- The Tenth Amendment was executed on January 17, 2025.
- Reduces applicable interest rate margins to 2.25%.
- Extends the non-call period to January 17, 2027 (previously November 22, 2024).
- Extends the reinvestment period to January 17, 2028 (previously January 22, 2025).
- Extends the scheduled termination date to January 17, 2030 (previously November 22, 2025).
WhiteHorse Finance, Inc., through its subsidiary WhiteHorse Credit I, LLC, entered into a Ninth Amendment to its Fifth Amended and Restated Loan Agreement on December 19, 2024. The amendment primarily extends the 'Reinvestment Period' by one month.
🚩 Red Flags
- Frequent amendments: This is the Ninth Amendment to the original loan agreement, indicating ongoing modifications to credit terms/structure.
📋 Key Facts
- Date of event: December 19, 2024
- Parties involved: WhiteHorse Credit I, LLC (Borrower), JPMorgan Chase Bank (Lender/Agent), Citibank, N.A. (Collateral Agent), and Virtus Group LP (Collateral Administrator).
- The Ninth Amendment extends prong (i) of the definition of 'Reinvestment Period' from December 22, 2024, to January 22, 2025.
- This is the ninth amendment to a loan agreement originally dated April 28, 2021.
WhiteHorse Finance, Inc., through its subsidiary WhiteHorse Credit I, LLC, entered into an Eighth Amendment to its Fifth Amended and Restated Loan Agreement on November 21, 2024. The amendment primarily extends the 'Reinvestment Period' by one month.
🚩 Red Flags
- Frequent amendments: This is the eighth amendment to this specific loan agreement, indicating a highly active or evolving credit facility structure.
📋 Key Facts
- Date of event: November 21, 2024
- Parties involved: WhiteHorse Credit I, LLC (Borrower), JPMorgan Chase Bank (Lender/Agent), Citibank, N.A. (Collateral Agent), and Virtus Group LP (Collateral Administrator).
- Amendment type: Eighth Amendment to the Fifth Amended and Restated Loan Agreement.
- Key modification: Extension of prong (i) of the 'Reinvestment Period' from November 22, 2024, to December 22, 2024.
WhiteHorse Finance, Inc. announced its quarterly distribution and financial results for the third quarter ended September 30, 2024. The filing includes a press release and an earnings presentation as part of standard regulatory disclosure.
📋 Key Facts
- Announced quarterly distribution for Q3 2024.
- Released financial results for the period ending September 30, 2024.
- Filed under Item 2.02 (Results of Operations and Financial Condition) and Item 7.01 (Regulation FD Disclosure).
WhiteHorse Finance, Inc. issued an 8-K to announce a special distribution and the anticipated release date for its third quarter 2024 financial results.
📋 Key Facts
- Company announced a special distribution via press release on October 15, 2024.
- Third quarter 2024 financial results (for period ended September 30, 2024) are expected to be released on November 7, 2024.
- The filing includes a press release as Exhibit 99.1.
WhiteHorse Finance, Inc. announced its quarterly distribution and financial results for the second quarter ended June 30, 2024. The filing includes a press release regarding earnings and an investor presentation.
📋 Key Facts
- Report date: August 8, 2024
- Reporting period: Second Quarter ended June 30, 2024
- The company announced quarterly distributions in conjunction with the results.
- Financial results and earnings presentation were furnished as exhibits.
WhiteHorse Finance, Inc. reported the results of its annual meeting of stockholders held on July 31, 2024. Stockholders approved the election of two Class III directors and ratified Crowe LLP as the company's independent auditor for the 2024 fiscal year.
📋 Key Facts
- Annual Meeting held on July 31, 2024.
- Proposal 1: Election of John Bolduc to the Board (6,612,804 votes in favor).
- Proposal 1: Election of Rick D. Puckett to the Board (4,708,205 votes in favor).
- Proposal 2: Ratification of Crowe LLP as independent registered public accounting firm for fiscal year ending Dec 31, 2024.
- Total shares entitled to vote on record date June 6, 2024: 23,243,088.
WhiteHorse Finance, Inc. issued a press release regarding the issuance of its 7.875% Notes due 2028. The filing serves as a Regulation FD disclosure to provide information to the public.
📋 Key Facts
- Issuance of 7.875% Notes due 2028 (Ticker: WHFCL).
- The announcement was made via press release on July 11, 2024.
- Filed under Item 7.01 (Regulation FD Disclosure).
WhiteHorse Finance, Inc. announced its quarterly distribution and financial results for the first quarter ended March 31, 2024. The filing includes an earnings press release and a presentation intended for regulatory compliance under Regulation FD.
📋 Key Facts
- Report date: May 8, 2024
- Reporting period: First quarter ended March 31, 2024
- The company announced quarterly distributions as part of its Q1 results
- Included Exhibit 99.1 (Press Release) and Exhibit 99.2 (Earnings Presentation)
WhiteHorse Finance, Inc. issued a press release regarding the issuance of 7.875% Notes due 2028 (Ticker: WHFCL). The filing is primarily a Regulation FD disclosure intended to provide public access to information related to this debt instrument.
📋 Key Facts
- The company is issuing 7.875% Notes due in 2028.
- The notes are trading under the symbol WHFCL on the Nasdaq Global Select Market.
- The filing was made on April 16, 2024, to comply with Regulation FD disclosure requirements.
WhiteHorse Finance, Inc. announced the election of John P. Volpe to its Board of Directors and several key committees, effective April 10, 2024.
📋 Key Facts
- John P. Volpe elected as a director on April 10, 2024.
- Mr. Volpe will serve on the Audit Committee, Compensation Committee, and Nominating Committee.
- The Board has designated Mr. Volpe as an independent director under Nasdaq Listing Rules.
- Mr. Volpe brings over 25 years of commercial lending experience, including 18 years at GE Capital.
WhiteHorse Finance, Inc. entered into a Second Amended and Restated Investment Advisory Agreement with H.I.G. WhiteHorse Advisers, LLC. The primary change is a reduction in the base management fee to an annual rate of 1.75% of consolidated gross assets.
🚩 Red Flags
- None identified in this filing.
📋 Key Facts
- The agreement was entered into on February 22, 2024.
- Base management fee reduced to 1.75% of consolidated gross assets (including cash and borrowed funds).
- The fee reduction is effective retroactively as of January 1, 2024.
- Counterparty is H.I.G. WhiteHorse Advisers, LLC.
WhiteHorse Finance, Inc. announced its quarterly distribution and financial results for the fourth quarter and fiscal year ended December 31, 2023. The filing includes a press release and an earnings presentation as part of standard regulatory disclosure.
📋 Key Facts
- Report date: February 29, 2024
- Announced quarterly distribution for Q4 2023
- Released financial results for the fiscal year ended December 31, 2023
- Provided earnings presentation via Exhibit 99.2
WhiteHorse Finance, Inc. issued a press release regarding the issuance of 7.875% Notes due 2028 (Ticker: WHFCL). The filing serves as a Regulation FD disclosure to provide information to the public.
📋 Key Facts
- Issuance of 7.875% Notes due 2028
- Trading symbol for notes: WHFCL
- Filed on February 9, 2024
- Information provided under Item 7.01 (Regulation FD Disclosure)
WhiteHorse Finance, Inc. received a notice from Nasdaq stating it is no longer in compliance with the independent director requirement following the death of director Kevin F. Burke. The company has been granted a cure period to regain majority independence on its board.
🚩 Red Flags
- Delisting notice/Non-compliance with Nasdaq listing rules (Rule 5605).
- Loss of a key independent director who served on Audit, Compensation, and Nominating committees.
📋 Key Facts
- Director Kevin F. Burke passed away on January 13, 2024.
- The Board currently consists of six members, only three of whom are independent directors.
- Nasdaq issued a notice regarding non-compliance with Listing Rule 5605 (majority independent director requirement).
- Cure period deadline: The earlier of the next annual shareholders' meeting or January 16, 2025; if the meeting is before July 15, 2024, compliance is required by July 15, 2024.
- The company intends to regain compliance within the provided cure period.
WhiteHorse Finance, Inc. issued a press release regarding the issuance of 7.875% Notes due 2028. The filing is primarily a Regulation FD disclosure to provide public access to information related to the debt offering.
📋 Key Facts
- The company issued 7.875% Notes due 2028 (Ticker: WHFCL).
- The announcement was made via press release on January 22, 2024.
- The filing is categorized under Item 7.01 (Regulation FD Disclosure) and Item 9.01 (Financial Statements and Exhibits).
WhiteHorse Finance, Inc. announced the passing of independent director Kevin F. Burke on January 13, 2024. Mr. Burke served on the Board since 2017 and was a member of the Audit, Compensation, and Nominating/Corporate Governance Committees.
📋 Key Facts
- Director Kevin F. Burke passed away on January 13, 2024.
- Mr. Burke had been an independent director since 2017.
- He served on the Audit Committee, Compensation Committee, and Nominating and Corporate Governance Committee.