secwatch.observer — SEC 8-K summary
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Issuer:     Varagon Capital Corp (—)
CIK:        0001784700
Form:       8-K
Filed at:   2026-03-18T23:59:59+00:00
Accession:  0001193125-26-114292
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Varagon Capital Q4 NII $0.25/sh, NAV $9.23, declares Q1 distribution $0.23
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- Q4 2025 NII of $10.4M ($0.25/sh, annualized 10.8% yield) vs $12.7M ($0.31) in Q4 2024.
- NAV per share $9.23 at Dec 31, 2025, down from $9.47 a year earlier.
- Q1 2026 distribution set at $0.23/sh; Q4 2025 total was $0.26/sh (incl. $0.02 special).
- Total investments at fair value $849.4M across 115 portfolio cos; weighted average yield 10.7%.
- Debt-to-equity 1.19x; one non-accrual investment at 0.2% of portfolio fair value.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1784700/000119312526114292/0001193125-26-114292-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1784700/000119312526114292/ck0001784700-20260318.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-114292

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer