New Issue: Varagon Capital places $50 million 8.1%, 8.2% notes due 2026, 2029

By Wendy Van Sickle

Columbus, Ohio, Dec. 21 – Varagon Capital Corp. entered into a master note purchase agreement on Thursday governing the issuance of $50 million of senior notes in a two-part private placement, according to an 8-K filing with the Securities and Exchange Commission.

The notes include $25 million of 8.1% three-year notes and $25 million of 8.2% five-year notes.

Each series is callable at a make-whole premium until three months prior to maturity and thereafter at par.

Varagon is an asset manager that is based in New York.

Issuer:	Varagon Capital Corp.
Issue:	Senior notes
Amount:	$50 million
Agreement date:	Dec. 31
Call:	Make-whole call until three months prior to maturity, then par call
Distribution:	Private placement
Tranche A
Amount:	$25 million
Maturity date:	Dec. 21, 2026
Coupon:	8.1%
Tranche B
Amount:	$25 million
Maturity date:	Dec. 21, 2029
Coupon:	8.2%

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