secwatch.observer — SEC 8-K summary
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Issuer:     SARATOGA INVESTMENT CORP. (SAR)
CIK:        0001377936
Form:       8-K
Filed at:   2023-04-14T23:59:59+00:00
Accession:  0001213900-23-029874
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Saratoga Investment Corp. issues $50M of 8.50% Notes due 2028
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- Issued $50M principal amount of 8.50% Notes due April 15, 2028; underwriters may purchase up to $7.5M additional.
- Net proceeds of ~$48.2M after underwriting discounts and expenses.
- Intends to use net proceeds to repay Encina credit facility, make middle-market investments, and for general corporate purposes.
- Notes listed on NYSE under symbol SAZ; interest payable quarterly beginning May 31, 2023.
- Notes are unsecured, rank pari passu with other unsubordinated unsecured debt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1377936/000121390023029874/0001213900-23-029874-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1377936/000121390023029874/ea176949-8k_saratoga.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-029874

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