{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-072143","form_type":"8-K","ticker":null,"cik":"0001784700","company_name":"Varagon Capital Corp","filed_at":"2023-12-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.427470+00:00","generated_at":"2026-06-07T09:16:21.210110+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Varagon Capital issues $50M in senior notes: $25M at 8.10% due 2026, $25M at 8.20% due 2028","bullets":["Issued $25M 8.10% Senior Notes (Tranche A) due Dec 21, 2026, and $25M 8.20% Senior Notes (Tranche B) due Dec 21, 2028.","Notes are guaranteed by wholly owned subsidiary VCC Equity Holdings, LLC.","Interest payable semi-annually; optional redemption with make-whole premium before Sep 21, 2026 (Tranche A) and Sep 21, 2027 (Tranche B).","Covenants include minimum net worth of $288M and asset coverage ratio of 1.50:1.","Rate may increase up to 2.00% upon below-investment-grade rating or secured debt ratio events."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-072143","json":"https://secwatch.observer/filing/0000950170-23-072143.json","markdown":"https://secwatch.observer/filing/0000950170-23-072143.md","text":"https://secwatch.observer/filing/0000950170-23-072143.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1784700/000095017023072143/0000950170-23-072143-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1784700/000095017023072143/ck0001784700-20231221.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T09:16:21.210110+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"886cd580f2ffa344e29b09e733d5af83e834aa81","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1784700/000095017023072143/0000950170-23-072143-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$25,000,000 in aggregate principal amount of Series A Senior Notes, Tranche B"},{"label":"Counterparty","value":"qualified institutional investors"},{"label":"Rate","value":"fixed interest rate of 8.20% per year"},{"label":"Maturity","value":"due December 21, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"9044eee7d1efe509eb172f52bea3e5cd74f08e83","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1784700/000095017023072143/0000950170-23-072143-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$25,000,000 in aggregate principal amount of Series A Senior Notes, Tranche A"},{"label":"Counterparty","value":"qualified institutional investors"},{"label":"Rate","value":"fixed interest rate of 8.10% per year"},{"label":"Maturity","value":"due December 21, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"2d6295875e7360e8d75d9cb84a72e5d86515a9e8","claim":"Varagon Capital Corp entered into Master Note Purchase Agreement with qualified institutional investors (effective 2023-12-21).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1784700/000095017023072143/0000950170-23-072143-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"qualified institutional investors"},{"label":"Effective","value":"2023-12-21"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}