Saratoga Investment issues $12M of 7.00% Notes due 2025 in private placement

SARATOGA INVESTMENT CORP.

Issued $12.0M in 7.00% Notes due Sept 8, 2025; net proceeds ~$11.56M after fees.
Notes are direct unsecured obligations, ranking pari passu with existing unsecured debt.
Purchaser may buy up to an additional $8.0M of Notes by Sept 30, 2022.
Proceeds to be used for middle-market investments and general corporate purposes.
Total outstanding unsecured notes under purchase agreements now $27.0M.

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