SARATOGA INVESTMENT CORP. — Form 8-K
Filed September 24, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
On September 23, 2026, Saratoga Investment Corp. (a $350.6M public BDC) sold $20,080,325 in aggregate principal amount of 8.00% Notes due 2031 to underwriters Lucid Capital Markets ($15.4M) and Oppenheimer ($4.7M) at $24.90 per note ($24.38 net to issuer). The company also granted underwriters a 30-day option to purchase an additional $3,012,035 of notes (overallotment). These notes join existing $97.75M of identical 8.00% Notes due 2031, forming a single class under the indenture. Closing occurred September 24, 2026; the company intends to use proceeds for portfolio investments per its RIC/BDC mandate.
Why this rating
Debt issuance ~5.7% of company size; routine financing for BDC; modest leverage increase; no material adverse change or strategic pivot disclosed.
See more from September 24, 2026.
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