Saratoga Investment Corp. issued $85 million of 8.00% Notes due 2031 on August 18, 2026, with a closing date expected on August 26, 2026. The company will use the proceeds and available cash to redeem its entire outstanding balance of $105.5 million in 6.00% Notes due 2027 on September 18, 2026. This refinancing activity involves replacing older debt with new obligations at a higher coupon rate. Saratoga Investment Corp. operates as a business development company focused on providing financing solutions to middle-market companies.