debt
confidence high
sentiment neutral
materiality 0.50
Saratoga Investment issues additional $8M of 6.00% notes due 2027; total $105.5M
SARATOGA INVESTMENT CORP.
- Issued $8M additional 6.00% Notes due 2027; total outstanding now $105.5M.
- Net proceeds ~$7.75M (after discount & expenses) for middle-market investments and general purposes.
- Mature Apr 30, 2027; interest quarterly starting Aug 31, 2022; redeemable at par on/after Apr 27, 2024.
- New notes are fungible with existing $97.5M 6.00% Notes due 2027 under same indenture.