secwatch / observer
8-K filed December 21, 2023, 6:59 PM ET CIK 0001784700
debt confidence high sentiment neutral materiality 0.60

Varagon Capital Corp: debt financing — Varagon Capital issues $50M in senior notes: $25M at 8.10% due 2026, $25M at 8.20% due 2028

Varagon Capital Corp

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Varagon Capital Corp incurred senior notes of $25,000,000 in aggregate principal amount of Series A Senior Notes, Tranche B with qualified institutional investors at fixed interest rate of 8.20% per year maturing due December 21, 2028.

Instrument
senior notes
Principal
$25,000,000 in aggregate principal amount of Series A Senior Notes, Tranche B
Counterparty
qualified institutional investors
Rate
fixed interest rate of 8.20% per year
Maturity
due December 21, 2028
Event
incurrence
Exact text from the filing
On December 21, 2023, Varagon Capital Corporation (the “Company”) entered into a Master Note Purchase Agreement (the “Note Purchase Agreement”) governing the issuance of $25,000,000 in aggregate principal amount of Series A Senior Notes, Tranche A, due December 21, 2026, with a fixed interest rate of 8.10% per year (the “Tranche A Notes”), and $25,000,000 in aggregate principal amount of Series A Senior Notes, Tranche B, due December 21, 2028, with a fixed interest rate of 8.20% per year (the “Tranche B Notes” and, together with the Tranche A Notes, the “Notes”), to qualified institutional investors in a private placement.
View on SEC.gov
Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Varagon Capital Corp incurred senior notes of $25,000,000 in aggregate principal amount of Series A Senior Notes, Tranche A with qualified institutional investors at fixed interest rate of 8.10% per year maturing due December 21, 2026.

Instrument
senior notes
Principal
$25,000,000 in aggregate principal amount of Series A Senior Notes, Tranche A
Counterparty
qualified institutional investors
Rate
fixed interest rate of 8.10% per year
Maturity
due December 21, 2026
Event
incurrence
Exact text from the filing
On December 21, 2023, Varagon Capital Corporation (the “Company”) entered into a Master Note Purchase Agreement (the “Note Purchase Agreement”) governing the issuance of $25,000,000 in aggregate principal amount of Series A Senior Notes, Tranche A, due December 21, 2026, with a fixed interest rate of 8.10% per year (the “Tranche A Notes”), and $25,000,000 in aggregate principal amount of Series A Senior Notes, Tranche B, due December 21, 2028, with a fixed interest rate of 8.20% per year (the “Tranche B Notes” and, together with the Tranche A Notes, the “Notes”), to qualified institutional investors in a private placement.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Varagon Capital Corp entered into Master Note Purchase Agreement with qualified institutional investors (effective 2023-12-21).

Action
entry
Agreement
notes offering
Counterparty
qualified institutional investors
Effective
2023-12-21
Exact text from the filing
On December 21, 2023, Varagon Capital Corporation (the “Company”) entered into a Master Note Purchase Agreement (the “Note Purchase Agreement”) governing the issuance of $25,000,000 in aggregate principal amount of Series A Senior Notes, Tranche A, due December 21, 2026, with a fixed interest rate of 8.10% per year (the “Tranche A Notes”), and $25,000,000 in aggregate principal amount of Series A Senior Notes, Tranche B, due December 21, 2028, with a fixed interest rate of 8.20% per year (the “Tranche B Notes” and, together with the Tranche A Notes, the “Notes”), to qualified institutional investors in a private placement.
View on SEC.gov

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Source: SEC EDGAR
accession 0000950170-23-072143
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