Saratoga Investment Corp. Finalizes $100M Public Offering of 7.50% Notes Due 2031

summarizeSummary

Saratoga Investment Corp. has finalized the terms for its public offering of $100 million in 7.50% Notes due 2031, with an option for an additional $15 million, following a preliminary prospectus filed yesterday.

check_boxKey Events

• Finalizes Public Debt Offering

  Saratoga Investment Corp. finalized the terms for a public offering of $100 million in 7.50% Notes due 2031, with an option for underwriters to purchase an additional $15 million.

• Significant Capital Raise

  The offering, potentially totaling $115 million, represents a substantial capital raise relative to the company's size, with proceeds intended for refinancing existing debt.

• Notes to be Listed on NYSE

  The company intends to list the new 7.50% Notes due 2031 on the New York Stock Exchange under the trading symbol 'SAV' within 30 days of the original issue date.

auto_awesomeAnalysis

This Free Writing Prospectus finalizes the terms and pricing of the public offering of unsecured notes, following the preliminary prospectus supplement filed yesterday on January 29, 2026. The offering aims to raise $100 million, with potential for an additional $15 million through an over-allotment option, representing a substantial capital raise for the company. The proceeds are intended to redeem existing notes, indicating a refinancing strategy to manage the company's debt maturity profile. This move impacts the company's capital structure by adding new debt obligations with a 7.50% coupon rate, while potentially reducing other liabilities.