{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-26-075941","form_type":"8-K","ticker":"SAR","cik":"0001377936","company_name":"SARATOGA INVESTMENT CORP.","filed_at":"2026-07-07T20:05:37+00:00","discovered_at":"2026-07-07T20:07:00.272708+00:00","generated_at":"2026-07-07T20:07:04.305819+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Saratoga Investment Q1 FY2027: NAV per share down 4.9% to $23.23; EPS loss of $0.42","bullets":["Adjusted NII per share $0.47 vs $0.53 prior quarter; total investment income $30.8M, down 4.8% YoY.","AUM grew 1.6% to $1.126B; net originations $31M from $79.2M in new investments in two new portfolio companies.","Non-accruals at 0.0% of fair value; core BDC portfolio fair value 0.2% below cost; Pepper Palace written down to zero.","Quarter-end cash $60.8M; issued $25M 7.25% notes due 2029; total undrawn borrowing capacity $196.8M.","Base quarterly dividend maintained at $0.75/share; LTM ROE 4.0% vs BDC industry average 2.4%."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-075941","json":"https://secwatch.observer/filing/0001213900-26-075941.json","markdown":"https://secwatch.observer/filing/0001213900-26-075941.md","text":"https://secwatch.observer/filing/0001213900-26-075941.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1377936/000121390026075941/0001213900-26-075941-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1377936/000121390026075941/ea0297275-8k_saratoga.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-07-07T20:07:04.305819+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}