{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-22-066744","form_type":"8-K","ticker":"SAR","cik":"0001377936","company_name":"SARATOGA INVESTMENT CORP.","filed_at":"2022-10-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:50.373452+00:00","generated_at":"2026-06-22T23:52:07.749302+00:00","sec_items":["2.03","1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Saratoga Investment Corp. issues $40M 8.00% notes due 2027; net proceeds ~$38.45M","bullets":["Principal amount of $40M, interest at 8.00% per year, maturity October 31, 2027.","Net proceeds of approximately $38.45M, after underwriting discounts and offering expenses.","Proceeds to be used for middle-market investments and general corporate purposes.","Notes are unsecured, rank pari passu with existing unsubordinated debt, and callable at par after Oct 27, 2024.","Covenants include asset coverage tests under the 1940 Act and restrictions on dividends/purchases when coverage is insufficient."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-22-066744","json":"https://secwatch.observer/filing/0001213900-22-066744.json","markdown":"https://secwatch.observer/filing/0001213900-22-066744.md","text":"https://secwatch.observer/filing/0001213900-22-066744.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1377936/000121390022066744/0001213900-22-066744-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1377936/000121390022066744/ea167631-8k_saratoga.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T23:52:07.749302+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ad8b2fb837adeb5cc51bcb70d056460372ca30a4","claim":"SARATOGA INVESTMENT CORP. incurred senior notes of $40,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 8.00% per year maturing October 31, 2027.","evidence_excerpt":"(the “Base Indenture”; and together with the Twelfth Supplemental Indenture, the “Indenture”). The Twelfth Supplemental Indenture relates to the Company’s issuance and sale of $40,000,000 aggregate principal amount of the Company’s 8.00% Notes due 2027 (the “Notes” and the issuance and sale of the Notes, the “Offering”). The Notes bear interest at a rate of 8.00%","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1377936/000121390022066744/0001213900-22-066744-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$40,000,000 aggregate principal amount"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Rate","value":"8.00% per year"},{"label":"Maturity","value":"October 31, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}