Saratoga Investment Corp. Formalizes $85M Note Offering and Redeems $105.5M of 6.00% 2027 Notes
SAR is trading near its 52-week low of $17.34 (8.4% above the low).
Summary
Saratoga Investment Corp. formalized its $85 million note offering and announced redemption of $105.5 million of 6.00% notes due 2027, using proceeds and cash.
Key Events · Financing and Capital Events · SAR
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Underwriting Agreement Signed
Saratoga Investment Corp. entered into an underwriting agreement with Lucid Capital Markets, LLC as representative for the issuance and sale of $85,000,000 aggregate principal amount of 8.00% Notes due 2031.
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Over-Allotment Option
Underwriters may purchase up to an additional $12,750,000 in notes within 30 days of the final prospectus supplement dated August 18, 2026.
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Redemption of 6.00% 2027 Notes
Company will redeem $105.5 million of its 6.00% Notes due 2027 on September 18, 2026, at 100% of principal plus accrued interest of $316,500.
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Use of Proceeds
Proceeds from the offering and available cash will fund the redemption of the 6.00% 2027 notes.
Analysis · SAR · Unknown
Saratoga Investment Corp. entered into an underwriting agreement for $85 million of 8.00% notes due 2031, with an option for an additional $12.75 million. The company will use proceeds plus available cash to redeem $105.5 million of its 6.00% notes due 2027 on September 18, 2026. This refinancing extends debt maturity and locks in a higher coupon, but reduces near-term interest expense and removes a 2027 maturity overhang.
How filings like this one have moved
In the 30 days to Aug 22, 2026, 29.1% of the 2927 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.02%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, SAR was trading at $18.80 on NYSE in the Unknown sector, with a market capitalization of approximately $302.3M. The 52-week trading range was $17.34 to $25.64. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.