secwatch.observer — SEC 8-K summary
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Issuer:     SARATOGA INVESTMENT CORP. (SAR)
CIK:        0001377936
Form:       8-K
Filed at:   2022-10-27T23:59:59+00:00
Accession:  0001213900-22-066744
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.03, 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Saratoga Investment Corp. issues $40M 8.00% notes due 2027; net proceeds ~$38.45M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1377936/000121390022066744/0001213900-22-066744-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1377936/000121390022066744/ea167631-8k_saratoga.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-066744

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