BDC Quick Recap: Saratoga Investment Corp. (SAR)
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)
Interested in learning more about SOLVE’s BDC data? Email sales@solvefixedincome.com, or Request a Trial to learn more.
Related Resources
About SOLVE
SOLVE is the leading market data platform provider for fixed-income securities, trusted by sophisticated buy-side and sell-side firms worldwide. Founded in 2011, SOLVE leverages its AI-driven technology and deep industry expertise to offer unparalleled transparency into markets, reduce risk, and save hundreds of hours across front-office workflows. With the largest real-time datasets for Securitized Products, Municipal Bonds, Corporate Bonds, Syndicated Bank Loans, Convertible Bonds, CDS, and Private Credit, SOLVE empowers clients to transform the way they bring new securities to market, trade on secondary markets, and value highly illiquid securities. Headquartered in Connecticut, with offices across the globe, SOLVE is the definitive source for market pricing in fixed-income markets.
