Notes (trading symbol 'SAV')
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Saratoga Investment Corp. Announces Offering of Notes and BBB+ Investment Grade Rating from Egan-Jones Ratings Company
Globenewswire· 2026-01-29 14:20
Core Viewpoint - Saratoga Investment Corp. has initiated a registered public offering of unsecured notes and received an investment grade rating of "BBB+" from Egan-Jones Ratings Company [1][2] Group 1: Offering Details - The unsecured notes are expected to be listed on the New York Stock Exchange under the trading symbol "SAV" within 30 days of the original issue date [2] - The net proceeds from this offering will be used to fully redeem the Company's outstanding 4.375% Notes due 2026 [3] Group 2: Company Overview - Saratoga Investment Corp. is a specialty finance company that provides customized financing solutions to U.S. middle-market businesses, primarily investing in senior and unitranche leveraged loans and mezzanine debt [7] - The Company aims to create attractive risk-adjusted returns through current income and long-term capital appreciation from its debt and equity investments [7] - Saratoga Investment Corp. is regulated as a business development company under the Investment Company Act of 1940 and is externally managed by Saratoga Investment Advisors, LLC [7] - The Company manages a $650 million collateralized loan obligation (CLO) fund and co-manages a joint venture fund with a $400 million CLO [7]