secwatch.observer — SEC 8-K summary
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Issuer:     SARATOGA INVESTMENT CORP. (SAR)
CIK:        0001377936
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0001213900-23-035537
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Saratoga Investment Q4 FY2023: NII per share up 69% YoY, AUM up 19% to $972.6M, dividend raised to $0.69
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- NII per share $0.81; adjusted NII per share $0.98, up 85% from $0.53 in Q4 prior year.
- AUM $972.6M (+19% YoY); portfolio yield 12.1% on 89% floating-rate assets, up from 9.5%.
- Dividend $0.69 per share, up 30% from $0.53; over-earned by $0.29 per share quarterly.
- Raised $301.4M in long-term fixed-rate notes; received third SBIC license adding $175M debt capacity.
- Post-quarter originations $118.5M in 5 new companies; total liquidity $128.6M plus $148M undrawn from SBIC III.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1377936/000121390023035537/0001213900-23-035537-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1377936/000121390023035537/ea177866-8k_saratoga.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-035537

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