SARATOGA INVESTMENT CORP. — Form 8-K
Filed October 9, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
On October 8, 2026, Saratoga Investment Funding II LLC amended its Credit and Security Agreement to increase the Facility Amount from $85 million to $110 million—a $25 million increase. Valley National Bank serves as Administrative Agent; lenders include Valley National Bank, Bank OZK, OceanFirst Bank N.A., and Popular Bank. The amendment modifies certain portfolio concentration thresholds (e.g., healthcare Obligor concentration from 25% to 35%, top-three Obligor concentration from 30% to 35%) and adjusts the maximum facility size cap from $100 million to $135 million for future increases.
Why this rating
$25M increase is 7% of current $350M company market value—material but not transformational. Standard debt facility expansion with adjusted covenants; no material business model change.
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