{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-26-013267","form_type":"8-K","ticker":"SAR","cik":"0001377936","company_name":"SARATOGA INVESTMENT CORP.","filed_at":"2026-02-06T23:59:59+00:00","discovered_at":"2026-05-14T18:02:34.948254+00:00","generated_at":"2026-05-16T04:03:01.035521+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Saratoga Investment Corp. issues $100M 7.50% Notes due 2031, proceeds to repay existing 4.375% notes","bullets":["Issued $100.0M aggregate principal of 7.50% Notes due 2031; net proceeds ~$96.375M after underwriting discount and expenses.","Notes mature on February 6, 2031; interest payable quarterly starting May 31, 2026.","Net proceeds and available cash will be used to pay off the outstanding 4.375% notes due 2026 at maturity on Feb 28, 2026.","Notes are unsecured, rank pari passu with existing unsecured unsubordinated debt, and structurally subordinated to subsidiaries' obligations.","Closing occurred on February 6, 2026; offering made under effective shelf registration statement."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-013267","json":"https://secwatch.observer/filing/0001213900-26-013267.json","markdown":"https://secwatch.observer/filing/0001213900-26-013267.md","text":"https://secwatch.observer/filing/0001213900-26-013267.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1377936/000121390026013267/0001213900-26-013267-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1377936/000121390026013267/ea0275815-8k_saratoga.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T04:03:01.035521+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b10e76e688537d8cdd620f3903a94ca1c3be7004","claim":"SARATOGA INVESTMENT CORP. incurred senior notes of $100.0 million with U.S. Bank Trust Company, National Association at 7.50% per year maturing February 6, 2031.","evidence_excerpt":"“Base Indenture”; and together with the Sixteenth Supplemental Indenture, the “Indenture”). The Sixteenth Supplemental Indenture relates to the Company’s issuance and sale of $100.0 million in aggregate principal amount of the Company’s 7.50% Notes due 2031 (the “Notes” and the issuance and sale of the Notes, the “Offering”). The Notes bear interest at a rate of","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1377936/000121390026013267/0001213900-26-013267-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$100.0 million"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Rate","value":"7.50% per year"},{"label":"Maturity","value":"February 6, 2031"},{"label":"Event","value":"incurrence"}]},{"claim_id":"f0f3d5551ef8e9f5f439e5fee37541d445fe59c3","claim":"SARATOGA INVESTMENT CORP. entered into Sixteenth Supplemental Indenture with U.S. Bank Trust Company, National Association valued at $100.0 million in aggregate principal amount (effective 2026-02-06).","evidence_excerpt":"on February 6, 2026, Saratoga Investment Corp. (the “Company”) and U.S. Bank Trust Company, National Association, as trustee (as successor in interest to U.S. Bank National Association) (the “Trustee”), entered into a Sixteenth Supplemental Indenture (the “Sixteenth Supplemental Indenture”) to the Base Indenture, dated May 10, 2013, by and between the Company and the Trustee (the “Base Indenture”; and together with the Sixteenth Supplemental Indenture, the “Indenture”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1377936/000121390026013267/0001213900-26-013267-index.htm","confidence":0.98,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Value","value":"$100.0 million in aggregate principal amount"},{"label":"Effective","value":"2026-02-06"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}