WhiteHorse Finance, Inc. announced it has secured a new revolving credit facility with JPMorgan Chase Bank, N.A., through its wholly owned, special purpose financing subsidiary, WhiteHorse Finance Credit I, LLC. The Credit Facility paid off and refinanced a previous secured revolving credit facility between WhiteHorse Finance Warehouse, LLC and Natixis, New York Branch.

The credit facility provides for borrowings in an aggregate principal amount up to $200 million with an accordion feature which allows for the expansion of the borrowing limit up to $220 million, subject to consent from the lender and other customary conditions.  Borrowings under the credit facility are subject to compliance with a net asset value coverage ratio with respect to the value of WhiteHorse Credit's portfolio. Amounts borrowed under the credit facility will mature on December 23, 2019, and bear interest at a rate of LIBOR plus 2.90% per annum.

Jay Carvell, WhiteHorse Finance's Chief Executive Officer, commented, "This new credit facility provides us with financial flexibility and access to additional capital on favorable terms, allowing us to responsibly lever our capital structure and support the long-term growth of our business. We look forward to partnering with J.P. Morgan in the years ahead."

WhiteHorse Finance, Inc. is a business development company that originates and invests in loans to privately held small-cap companies across a broad range of industries. The company's investment activities are managed by its investment adviser, H.I.G. WhiteHorse Advisers, LLC, an affiliate of H.I.G. Capital.