BDCs
BDC Quick Recap: Saratoga Investment Corp. (SAR) as of June 30th, 2023
Saratoga Investment Corp. (SAR) filed its earnings yesterday and data was available in SOLVE’s BDC workstation within minutes. Here is a quick recap of the credit stats for Saratoga Investment Corp. (SAR) for the three-month period ended June 30th, 2023.
Portfolio Stats
| FMV | $1.14B |
| # of Investments | 122 |
| Total unused commitments to extend financing | $143.0M |
| Portfolio Companies | 63 |
Source: SOLVE Fixed Income, Saratoga Investment Corp. (SAR)
Portfolio Composition
| First Lien | 63.40% |
| Second Lien | 1.90% |
| Equity and Other | 34.70% |
Source: SOLVE Fixed Income, Saratoga Investment Corp. (SAR)
Portfolio Credit Quality
| Non-Accruals Cost | $15.9M |
| # of Non-Accruals | 1 |
| # of Portfolio at Cost | 1.40% |
| New Non-Accruals | N/A |
Source: SOLVE Fixed Income, Saratoga Investment Corp. (SAR)
Select New Originations
| Company | Investment Type | Industry | Cost | Maturity | Coupon |
| Stretch Zone Franchising LLC | First Lien Term Loan | Health/Fitness Franchisor | $29.7M | 3/31/2028 | S+700 |
| BQE Software Inc | First Lien Term Loan | Architecture & Engineering Software | $24.3M | 4/13/2028 | S+675 |
| GrowthZone LLC | First Lien Term Loan | Association Management Software | $17.2M | 5/10/2028 | S+825 |
Source: SOLVE Fixed Income, Saratoga Investment Corp. (SAR)
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