---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-077962"
form_type: "8-K"
ticker: "SAR"
cik: "0001377936"
company_name: "SARATOGA INVESTMENT CORP."
filed_at: "2022-12-06T23:59:59+00:00"
generated_at: "2026-06-21T08:44:45.098248+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Saratoga Investment Corp. issues $52.5M of 8.125% Notes due 2027

## Summary
- Underwriting agreement signed Dec 5, 2022 for $52.5M aggregate principal amount of 8.125% Notes due 2027.
- Closing expected Dec 13, 2022; underwriters have option for additional $7.875M within 30 days.
- Notes to be listed on NYSE under symbol 'SAY' within 30 days of issue.
- Offering made under shelf registration statement; Ladenburg Thalmann is representative underwriter.

## SEC filing metadata
- accession: 0001213900-22-077962
- form_type: 8-K
- ticker: SAR
- cik: 0001377936
- company_name: SARATOGA INVESTMENT CORP.
- filed_at: 2022-12-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1377936/000121390022077962/0001213900-22-077962-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1377936/000121390022077962/ea169723-8k_saratoga.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-077962
- JSON: https://secwatch.observer/filing/0001213900-22-077962.json
- Plain text: https://secwatch.observer/filing/0001213900-22-077962.txt

## Key facts
- Debt Financings
  SARATOGA INVESTMENT CORP. incurred senior notes of $52,500,000 with Ladenburg Thalmann & Co. Inc. and other underwriters at 8.125% maturing 2027.
  - Instrument: senior notes
  - Principal: $52,500,000
  - Counterparty: Ladenburg Thalmann & Co. Inc. and other underwriters
  - Rate: 8.125%
  - Maturity: 2027
  - Event: incurrence
  source text: On December 5, 2022, Saratoga Investment Corp. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) by and among the Company, Saratoga Investment Advisors, LLC (the “Adviser”) and Ladenburg Thalmann & Co. Inc., as representative of the several underwriters named in Schedule I thereto, in connection with the issuance and sale of $52,500,000 aggregate principal amount of the Company’s 8.125% Notes due 2027 (the “Notes” and the issuance and sale of the Notes, the “Offering”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1377936/000121390022077962/0001213900-22-077962-index.htm
- Material Agreements
  SARATOGA INVESTMENT CORP. entered into Underwriting Agreement with Ladenburg Thalmann & Co. Inc. valued at $52,500,000 (effective 2022-12-05).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Ladenburg Thalmann & Co. Inc.
  - Value: $52,500,000
  - Effective: 2022-12-05
  source text: On December 5, 2022, Saratoga Investment Corp. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) by and among the Company, Saratoga Investment Advisors, LLC (the “Adviser”) and Ladenburg Thalmann & Co. Inc., as representative of the several underwriters named in Schedule I thereto, in connection with the issuance and sale of $52,500,000 aggregate principal amount of the Company’s 8.125% Notes due 2027
  evidence_url: https://www.sec.gov/Archives/edgar/data/1377936/000121390022077962/0001213900-22-077962-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.