Saratoga Investment upsizes ATM equity offering program to $300M from $150M

SARATOGA INVESTMENT CORP.

Increased maximum aggregate offering of common stock under ATM program to $300M from $150M on July 10, 2023.
Entered Amendment No. 2 to Equity Distribution Agreement with Ladenburg Thalmann and Compass Point.
Approximately $173.2M remained available for sale under the ATM Program as of July 10, 2023.
Shares may be sold through agents at-the-market; no obligation to sell.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SARATOGA INVESTMENT CORP. amended Amendment No. 2 with Saratoga Investment Advisors, LLC, Ladenburg Thalmann & Co. Inc., Compass Point Research and Trading, LLC valued at $300,000,000 (effective 2023-07-10).

Action: amendment
Agreement: atm program
Counterparty: Saratoga Investment Advisors, LLC, Ladenburg Thalmann & Co. Inc., Compass Point Research and Trading, LLC
Value: $300,000,000
Effective: 2023-07-10

Exact text from the filing

n connection with the upsize of the ATM Program, the Company entered into amendment no. 2 (“Amendment No. 2”) to the equity distribution agreement, dated July 30, 2021 (as amended on June 7, 2023, the “Equity Distribution Agreement”) with Saratoga

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SARATOGA INVESTMENT CORP. filing history →

Source: SEC EDGAR

accession 0001213900-23-055855

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