debt
confidence high
sentiment neutral
materiality 0.60
Saratoga Investment issues $85M 8.00% notes due 2031; proceeds to redeem 6.00% notes
SARATOGA INVESTMENT CORP.
- $85.0M aggregate principal 8.00% Notes due 2031; maturity Aug 31, 2031; quarterly interest.
- Net proceeds ~$82.04M after $2.66M underwriting discount and ~$0.3M expenses.
- Proceeds to redeem in full outstanding 6.00% notes due 2027.
- Redemption optional at par plus accrued interest on/after Aug 26, 2028.