debt
confidence high
sentiment neutral
materiality 0.50
Saratoga Investment increases SPV credit facility from $50M to $75M
SARATOGA INVESTMENT CORP.
- Borrowing capacity under Live Oak Credit Facility raised from $50M to $75M.
- Amendment adds new lenders and changes approval thresholds to Required Lender or 100% lender.
- Required Lender definition now requires at least two unaffiliated lenders.
- Facility is a special purpose vehicle financing for subsidiary Saratoga Investment Funding III LLC.