secwatch.observer — SEC 8-K summary
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Issuer:     SARATOGA INVESTMENT CORP. (SAR)
CIK:        0001377936
Form:       8-K
Filed at:   2023-02-02T23:59:59+00:00
Accession:  0001213900-23-006966
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Saratoga Investment amends credit facility: borrowing base raised to $65M, maturity extended to Jan 2026
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- Facility increased from $50M to $65M; maximum potential facility increase raised from $75M to $150M.
- Interest benchmark switched from LIBOR to Term SOFR + 0.10% credit spread adjustment; margin increased from 4.00% to 4.25%.
- Revolving period extended to January 27, 2026; facility increase request window extended to January 27, 2025.
- Valley National Bank added as a new lender under the credit agreement.
- Conditions for eligible collateral loans revised to exclude certain industries.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1377936/000121390023006966/0001213900-23-006966-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1377936/000121390023006966/ea172529-8k_saratoga.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-006966

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