UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 22, 2024
WhiteHorse Finance, Inc.
(Exact name of registrant as specified in its charter)
Delaware |
| 814-00967 |
| 45-4247759 |
(State or other jurisdiction |
| (Commission |
| (IRS Employer |
1450 Brickell Avenue, 31st Floor |
| 33131 |
(Address of principal executive offices) |
| (Zip Code) |
(305) 381-6999
(Registrant’s telephone number, including area code)
Not Applicable
(Former Name or Former Address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class | Trading Symbol(s) | Name of Each Exchange on Which |
Common Stock, par value $0.001 per share | WHF | The Nasdaq Stock Market LLC |
7.875% Notes due 2028 | WHFCL | The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01. Entry into a Material Definitive Agreement
As previously disclosed, on February 22, 2024, WhiteHorse Finance, Inc. (the “Company”) entered into a Second Amended and Restated Investment Advisory Agreement (the “Investment Advisory Agreement”) between the Company and H.I.G. WhiteHorse Advisers, LLC. The Investment Advisory Agreement is substantially the same as the prior investment advisory agreement except that the base management fee is reduced and is calculated at an annual rate of 1.75% of the consolidated gross assets of the Company, including cash and cash equivalents and assets purchased with borrowed funds for the period. The reduced base management fee in the Investment Advisory Agreement is effective as of January 1, 2024.
The description above of the Investment Advisory Agreement is only a summary and is qualified in its entirety by reference to the copy of the Investment Advisory Agreement which is filed as Exhibit 10.1 to this current report on Form 8-K and is incorporated herein by reference thereto.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
10.1 | | |||
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104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: March 18, 2024 | WHITEHORSE FINANCE, INC. | |
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| By: | /s/ Joyson C. Thomas |
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| Joyson C. Thomas |
|
| Chief Financial Officer |