Saratoga Investment Corp. sells $23.1 million of 8.00% notes due 2031 to repay credit facility
Saratoga Investment Corp. issued an additional $23,092,350 of its 8.00% Notes due 2031, closing the sale on September 24, 2026. The company plans to use the net proceeds, about $22.5 million, to repay part of its Valley National Bank credit facility, and the total outstanding notes now stand at $120,842,350.
Key points
- Additional notes sold: $23,092,350 principal, priced at 99.6% of par, with Lucid Capital Markets as representative of the underwriters
- Net proceeds to the company of approximately $22,519,659.72 after a $480,320.88 underwriting discount and about $150,000 in estimated expenses
- Notes pay 8.00% interest quarterly, mature August 31, 2031, and are redeemable at the company's option on or after August 26, 2028
- Outstanding 8.00% notes due 2031 total $120,842,350 after this issuance
The filing
Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 24, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.