secwatch.observer — SEC 8-K summary
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Issuer:     SARATOGA INVESTMENT CORP. (SAR)
CIK:        0001377936
Form:       8-K
Filed at:   2023-07-10T23:59:59+00:00
Accession:  0001213900-23-055814
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Saratoga Investment Q1 NII per share $1.35, up 105% YoY; AUM hits $1.08B
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- NII per share $1.35 (up 105% YoY, 67% QoQ); adjusted NII per share $1.08 (up 104% YoY); EPS ($0.02) on unrealized losses.
- AUM $1.084B (+21% YoY); net originations $129M; 96.5% loans rated highest; one non-accrual credit.
- Dividend raised 32% YoY to $0.70/share; 10.2% yield; overearned by $0.38 vs adjusted NII.
- Weighted average current coupon on core portfolio 12.7% (vs 8.5% YoY); 85% first lien floating rate.
- Raised $77.5M in fixed-rate notes; ATM program increased to $300M; $88.2M liquidity at quarter end.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1377936/000121390023055814/0001213900-23-055814-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1377936/000121390023055814/ea181545-8k_saratoga.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-055814

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