---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-010305"
form_type: "8-K"
ticker: "SAR"
cik: "0001377936"
company_name: "SARATOGA INVESTMENT CORP."
filed_at: "2026-01-30T23:59:59+00:00"
generated_at: "2026-05-16T05:56:29.874086+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Saratoga Investment Corp issues $100M of 7.50% Notes due 2031

## Summary
- Offering of $100M aggregate principal amount of 7.50% Notes due 2031; underwriters may purchase up to $15M additional within 30 days.
- Notes expected to close Feb 6, 2026 and to be listed on NYSE under ticker 'SAV'.
- Underwriting agreement with Lucid Capital Markets, LLC as representative of several underwriters.
- Issuance under existing shelf registration (File No. 333-269186); proceeds for general corporate purposes.

## SEC filing metadata
- accession: 0001213900-26-010305
- form_type: 8-K
- ticker: SAR
- cik: 0001377936
- company_name: SARATOGA INVESTMENT CORP.
- filed_at: 2026-01-30T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1377936/000121390026010305/0001213900-26-010305-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1377936/000121390026010305/ea0274917-8k_saratoga.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-010305
- JSON: https://secwatch.observer/filing/0001213900-26-010305.json
- Plain text: https://secwatch.observer/filing/0001213900-26-010305.txt

## Key facts
- Debt Financings
  SARATOGA INVESTMENT CORP. incurred senior notes of $100,000,000 aggregate principal amount with Lucid Capital Markets, LLC at 7.50% maturing 2031.
  - Instrument: senior notes
  - Principal: $100,000,000 aggregate principal amount
  - Counterparty: Lucid Capital Markets, LLC
  - Rate: 7.50%
  - Maturity: 2031
  - Event: incurrence
  source text: in connection with the issuance and sale of $100,000,000 aggregate principal amount of the Company’s 7.50% Notes due 2031
  evidence_url: https://www.sec.gov/Archives/edgar/data/1377936/000121390026010305/0001213900-26-010305-index.htm
- Material Agreements
  SARATOGA INVESTMENT CORP. entered into Underwriting Agreement with Lucid Capital Markets, LLC, as representative of the several underwriters valued at $100,000,000 aggregate principal amount (effective 2026-01-29).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Lucid Capital Markets, LLC, as representative of the several underwriters
  - Value: $100,000,000 aggregate principal amount
  - Effective: 2026-01-29
  source text: On January 29, 2026, Saratoga Investment Corp. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) by and among the Company and Saratoga Investment Advisors, LLC, on the one hand, and Lucid Capital Markets, LLC, as representative of the several underwriters named in Schedule I thereto, on the other hand, in connection with the issuance and sale of $100,000,000 aggregate principal amount of the Company’s 7.50% Notes due 2031
  evidence_url: https://www.sec.gov/Archives/edgar/data/1377936/000121390026010305/0001213900-26-010305-index.htm

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