---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-008245"
form_type: "8-K"
ticker: "SAR"
cik: "0001377936"
company_name: "SARATOGA INVESTMENT CORP."
filed_at: "2026-01-27T23:59:59+00:00"
generated_at: "2026-05-16T07:29:35.928596+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Saratoga Investment Corp. issues $50M 7.25% Senior Notes due 2030; proceeds to redeem 4.375% Notes due 2026

## Summary
- Issued $50M aggregate principal of 7.25% Senior Unsecured Notes due May 1, 2030 in private placement.
- Net proceeds approximately $48.5M after placement agent fee and expenses of ~$1.5M.
- Intends to use net proceeds to redeem outstanding 4.375% Notes due 2026 and for general corporate purposes.
- Notes are redeemable at Company's option at any time before Jan 23, 2028 at make-whole premium, thereafter at par.
- Company entered into Registration Rights Agreement obligating it to file exchange offer registration statement within 365 days.

## SEC filing metadata
- accession: 0001213900-26-008245
- form_type: 8-K
- ticker: SAR
- cik: 0001377936
- company_name: SARATOGA INVESTMENT CORP.
- filed_at: 2026-01-27T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1377936/000121390026008245/0001213900-26-008245-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1377936/000121390026008245/ea0274235-8k_saratoga.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-008245
- JSON: https://secwatch.observer/filing/0001213900-26-008245.json
- Plain text: https://secwatch.observer/filing/0001213900-26-008245.txt

## Key facts
- Debt Financings
  SARATOGA INVESTMENT CORP. incurred senior notes at 7.25% maturing May 1, 2030.
  - Instrument: senior notes
  - Rate: 7.25%
  - Maturity: May 1, 2030
  - Event: incurrence
  source text: In connection with the issuance and sale of the 7.25% Senior Unsecured Notes due May 1, 2030 (the “Notes” and the issuance and sale of the Notes, the “Offering”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1377936/000121390026008245/0001213900-26-008245-index.htm
- Material Agreements
  SARATOGA INVESTMENT CORP. entered into Registration Rights Agreement with the institutional purchaser in the Offering (effective 2026-01-23).
  - Action: entry
  - Counterparty: the institutional purchaser in the Offering
  - Effective: 2026-01-23
  source text: the Company entered into a Registration Rights Agreement, dated as of January 23, 2026 (the “Registration Rights Agreement”), with the institutional purchaser in the Offering (the “Purchaser”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1377936/000121390026008245/0001213900-26-008245-index.htm

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