Saratoga Investment Corp. Files Q3 2024 10-Q
Ticker: SAV · Form: 10-Q · Filed: Jan 8, 2025 · CIK: 1377936
| Field | Detail |
|---|---|
| Company | Saratoga Investment Corp. (SAV) |
| Form Type | 10-Q |
| Filed Date | Jan 8, 2025 |
| Risk Level | low |
| Pages | 14 |
| Reading Time | 17 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, quarterly-report, financials
TL;DR
Saratoga Investment Corp. filed its 10-Q for Nov 30, 2024. Check financials.
AI Summary
Saratoga Investment Corp. filed its 10-Q for the quarterly period ended November 30, 2024. The company, formerly known as GSC Investment Corp., is incorporated in Maryland and headquartered in New York. Its common stock is registered on a national exchange.
Why It Matters
This filing provides investors with the latest financial performance and operational details of Saratoga Investment Corp. for the third quarter of fiscal year 2024.
Risk Assessment
Risk Level: low — This is a standard quarterly financial filing (10-Q) and does not inherently present new risks.
Key Players & Entities
- SARATOGA INVESTMENT CORP. (company) — Registrant
- GSC INVESTMENT CORP. (company) — Former company name
- November 30, 2024 (date) — Quarterly period ended
- 20250108 (date) — Filing date
- 535 Madison Avenue (location) — Principal executive offices address
FAQ
What is the exact name of the registrant?
The exact name of the registrant is SARATOGA INVESTMENT CORP.
For what period is this quarterly report?
This quarterly report is for the period ended November 30, 2024.
In which state was Saratoga Investment Corp. incorporated?
Saratoga Investment Corp. was incorporated in Maryland.
What is the company's principal executive office address?
The company's principal executive office is located at 535 Madison Avenue, New York, New York 10022.
What was the former name of Saratoga Investment Corp.?
The company was formerly known as GSC INVESTMENT CORP.
Filing Stats: 4,307 words · 17 min read · ~14 pages · Grade level 8.9 · Accepted 2025-01-08 16:01:16
Key Financial Figures
- $0.001 — ich registered Common Stock, par value $0.001 per share SAR The New York Stock Exchan
Filing Documents
- ea0225626-10q_saratoga.htm (10-Q) — 7867KB
- ea022562601ex31-1_saratoga.htm (EX-31.1) — 10KB
- ea022562601ex31-2_saratoga.htm (EX-31.2) — 10KB
- ea022562601ex32-1_saratoga.htm (EX-32.1) — 4KB
- ea022562601ex32-2_saratoga.htm (EX-32.2) — 5KB
- 0001213900-25-002065.txt ( ) — 37119KB
- sar-20241130.xsd (EX-101.SCH) — 103KB
- sar-20241130_cal.xml (EX-101.CAL) — 58KB
- sar-20241130_def.xml (EX-101.DEF) — 536KB
- sar-20241130_lab.xml (EX-101.LAB) — 826KB
- sar-20241130_pre.xml (EX-101.PRE) — 544KB
- ea0225626-10q_saratoga_htm.xml (XML) — 11327KB
Notes to Consolidated Financial Statements as of November 30, 2024 (unaudited)
Notes to Consolidated Financial Statements as of November 30, 2024 (unaudited) 28 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 108 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 149 Item 4.
Controls and Procedures
Controls and Procedures 150 PART II. OTHER INFORMATION 151 Item 1.
Legal Proceedings
Legal Proceedings 151 Item 1A.
Risk Factors
Risk Factors 151 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 152 Item 3. Defaults Upon Senior Securities 152 Item 4. Mine Safety Disclosures 152 Item 5. Other Information 152 Item 6. Exhibits 153
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
Consolidated Financial Statements
Item 1. Consolidated Financial Statements Saratoga Investment Corp. Consolidated November 30, 2024 February 29, 2024 (unaudited) ASSETS Investments at fair value Non-control/Non-affiliate investments (amortized cost of $ 852,158,089 and $ 1,035,879,751 , respectively) $ 875,707,680 $ 1,019,774,616 Affiliate investments (amortized cost of $ 37,627,241 and $ 26,707,415 , respectively) 39,803,456 27,749,137 Control investments (amortized cost of $ 77,556,847 and $ 117,196,571 , respectively) 44,582,096 91,270,036 Total investments at fair value (amortized cost of $ 967,342,177 and $ 1,179,783,737 , respectively) 960,093,232 1,138,793,789 Cash and cash equivalents 147,614,810 8,692,846 Cash and cash equivalents, reserve accounts 102,549,213 31,814,278 Interest receivable (net of reserve of $ 68,735 and $ 9,490,340 , respectively) 7,462,134 10,298,998 Management fee receivable 327,368 343,023 Other assets 1,871,192 1,163,225 Current income tax receivable 1,931 99,676 Total assets $ 1,219,919,880 $ 1,191,205,835 LIABILITIES Revolving credit facilities $ 52,500,000 $ 35,000,000 Deferred debt financing costs, revolving credit facilities ( 1,467,001 ) ( 882,122 ) SBA debentures payable 214,000,000 214,000,000 Deferred debt financing costs, SBA debentures payable ( 5,072,871 ) ( 5,779,892 ) 8.75% Notes Payable 2025 20,000,000 20,000,000 Discount on 8.75% notes payable 2025 ( 35,045 ) ( 112,894 ) Deferred debt financing costs, 8.75% notes payable 2025 ( 1,460 ) ( 4,777 ) 7.00% Notes Payable 2025 12,000,000 12,000,000 Discount on 7.00 % notes payable 2025 ( 100,675 ) ( 193,175 ) Deferred debt financing costs, 7.00 % notes payable 2025 ( 12,257 ) ( 24,210 ) 7.75% Notes Payable 2025 5,000,000 5,000,000 Deferred debt financing costs, 7.75 % notes payable 2025 ( 33,209 ) ( 74,531 ) 4.375% Notes Payable 2026 175,000,000 175,000,000 P