---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-043547"
form_type: "8-K"
ticker: "SAR"
cik: "0001377936"
company_name: "SARATOGA INVESTMENT CORP."
filed_at: "2026-04-14T23:59:59+00:00"
generated_at: "2026-05-15T06:21:51.367585+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 $25M of 7.25% Notes Due 2029

## Summary
- Issued $25 million of 7.25% Notes due 2029 to an institutional investor in a private placement.
- Net proceeds of approximately $24.275 million after deducting $225,000 in offering expenses.
- Notes mature April 10, 2029, with an optional one-year extension to October 10, 2029 at company’s discretion.
- Company may issue up to $50 million of additional notes in one or more private offerings by July 10, 2026.
- Notes are unsecured, rank pari passu with existing unsubordinated debt, and are subject to 1940 Act covenants.

## SEC filing metadata
- accession: 0001213900-26-043547
- form_type: 8-K
- ticker: SAR
- cik: 0001377936
- company_name: SARATOGA INVESTMENT CORP.
- filed_at: 2026-04-14T23:59:59+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/1377936/000121390026043547/0001213900-26-043547-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1377936/000121390026043547/ea0286311-8k_saratoga.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-043547
- JSON: https://secwatch.observer/filing/0001213900-26-043547.json
- Plain text: https://secwatch.observer/filing/0001213900-26-043547.txt

## Source-grounded claims
- claim_id: e731e6380174bf25ada799130df796b1013e5c1b
  claim: SARATOGA INVESTMENT CORP. incurred senior notes of $25,000,000 at 7.25% per year maturing April 10, 2029.
  evidence_excerpt: On April 10, 2026, Saratoga Investment Corp. (the “Company”) entered into a notes purchase agreement (the “Notes Purchase Agreement”) governing the issuance of its 7.25% Notes due 2029 (the “Notes” and the issuance and sale of the Notes, the “Offering”) in the aggregate principal amount of $25,000,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1377936/000121390026043547/0001213900-26-043547-index.htm
- claim_id: 16f5944e838c42fe8d8ed1b8d92aef8cacecd613
  claim: SARATOGA INVESTMENT CORP. entered into Seventeenth Supplemental Indenture with U.S. Bank Trust Company, National Association (effective 2026-04-10).
  evidence_excerpt: on April 10, 2026 , 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 Seventeenth Supplemental Indenture (the “Seventeenth 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 Seventeenth Supplemental Indenture, the “Indenture”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1377936/000121390026043547/0001213900-26-043547-index.htm
- claim_id: 6d5c6617d7afb425ed99054a03cc15897711e91c
  claim: SARATOGA INVESTMENT CORP. entered into Notes Purchase Agreement with an institutional investor valued at $25,000,000 (effective 2026-04-10).
  evidence_excerpt: On April 10, 2026, Saratoga Investment Corp. (the “Company”) entered into a notes purchase agreement (the “Notes Purchase Agreement”) governing the issuance of its 7.25% Notes due 2029 (the “Notes” and the issuance and sale of the Notes, the “Offering”) in the aggregate principal amount of $25,000,000 to an institutional investor (the “Purchaser”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1377936/000121390026043547/0001213900-26-043547-index.htm

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