secwatch.observer — SEC 8-K summary
======================================

Issuer:     SARATOGA INVESTMENT CORP. (SAR)
CIK:        0001377936
Form:       8-K
Filed at:   2022-04-27T23:59:59+00:00
Accession:  0001213900-22-021904
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.03, 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Saratoga Investment Corp. issues $87.5M of 6.00% Notes due 2027
---------------------------------------------------------------

- Issued $87.5M aggregate principal amount of 6.00% Notes due April 30, 2027; interest payable quarterly starting Aug 31, 2022.
- Net proceeds of approximately $85.5M after underwriting discounts and offering expenses.
- Proceeds to fund middle-market investments and may redeem all outstanding 7.25% Notes due 2025 (SAK) callable June 24, 2022.
- Notes are unsecured, rank pari passu with existing unsubordinated debt, and structurally subordinated to subsidiary obligations.
- Indenture includes asset coverage covenants under the 1940 Act; redeemable at par on or after April 27, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1377936/000121390022021904/0001213900-22-021904-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1377936/000121390022021904/ea158818-8k_saratogainvest.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-021904

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer