Varagon Capital Corporation reported its financial results for the quarter ended September 30, 2026, via a Form 8-K filed on November 13, 2026. The company reported a Net Investment Income (NII) of $0.23 per share for the third quarter of 2026, which represents a 10.2% annualized yield. The company declared a quarterly distribution of $0.23 per share for the third quarter and announced a distribution of $0.23 per share for the fourth quarter of 2026.
As of September 30, 2026, the company’s Net Asset Value (NAV) was $8.93 per share. The company reported total investments at fair value of $819.0 million, consisting of 121 portfolio companies. The weighted average yield on the investment portfolio was 10.7% as of September 30, 2026. The company reported gross deployment of $10.5 million and net portfolio repayments of $16.3 million during the quarter.
In terms of credit performance, the company noted that certain investments in three portfolio companies were on non-accrual status as of September 30, 2026. These non-accrual investments represented 0.7% of total investments at fair value and 1.9% at amortized cost. The company’s total borrowings outstanding were $468.1 million as of September 30, 2026.
