net income -$6.9M. Saratoga Investment refinances debt, adds in investments as NAV falls 9%

Filed July 7, 2026 · Period ending May 31, 2026 · Compared to 10-Q Jul 8, 2025 · ~1 min read

Key Changes

• high

  Subsequent event: On June 11, 2026, the Company declared the following dividends for the quarter ending August 31, 2026. Shareholders have the option to receive payment of the dividend in cash, or receive shares of common stock, pursua…

  Notes: Subsequent Events verify on EDGAR →
• high

  NAV per share declined from $25.52 to $23.23 (down 9.0%), driven by $15.2M in unrealized depreciation on portfolio investments and distributions exceeding net investment income.

  Notes: NAV per share verify on EDGAR →
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  Repaid $175M 4.375% 2026 Notes (lowest-cost debt) and issued $175M in new notes at 7.25%-7.50%, increasing weighted-average cost of debt; SBA debentures rose $43M to $213M.

  Notes: Debt repayment and issuance verify on EDGAR →