Financing ·
Saratoga Investment Corp. issues $23M additional notes due 2031 to repay bank indebtedness
SAJSaratoga Investment Corp.
Saratoga Investment Corp. issued an additional $23,092,350 in aggregate principal amount of its 8.00% Notes due 2031 (NYSE: SAX), bringing the total outstanding balance to $120,842,350. The transaction closed on September 24, 2026, yielding net proceeds of approximately $22,519,659.72 after deducting underwriting discounts and offering expenses. Saratoga intends to use these funds to repay a portion of its outstanding indebtedness under the Valley National Bank credit facility. The company operates in the alternative asset management industry, specifically focusing on private debt investments.