secwatch.observer — SEC 8-K summary
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Issuer:     SARATOGA INVESTMENT CORP. (SAR)
CIK:        0001377936
Form:       8-K
Filed at:   2026-07-07T20:05:37+00:00
Accession:  0001213900-26-075941
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Saratoga Investment Q1 FY2027: NAV per share down 4.9% to $23.23; EPS loss of $0.42
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1377936/000121390026075941/0001213900-26-075941-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1377936/000121390026075941/ea0297275-8k_saratoga.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-075941

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