secwatch.observer — SEC 8-K summary
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Issuer:     Varagon Capital Corp (—)
CIK:        0001784700
Form:       8-K
Filed at:   2023-12-21T23:59:59+00:00
Accession:  0000950170-23-072143
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Varagon Capital issues $50M in senior notes: $25M at 8.10% due 2026, $25M at 8.20% due 2028
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1784700/000095017023072143/0000950170-23-072143-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1784700/000095017023072143/ck0001784700-20231221.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-072143

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