SARATOGA INVESTMENT (SAR) Company Report

Saratoga Investment Corp. issued $100.0 million in aggregate principal amount of 7.50% Notes due 2031 on February 6, 2026.
These Notes bear an interest rate of 7.50% per year, payable quarterly, and will mature on February 6, 2031.
The Company plans to use the net proceeds from this offering to pay off its outstanding 4.375% notes due 2026 at maturity on February 28, 2026.
The Notes are redeemable at the Company's option, in whole or in part, on or after February 6, 2028, at a redemption price of par plus accrued and unpaid interest.

7 hours ago

Saratoga Investment Corp. Announces Debt Offering

SAR

Debt Issuance

Saratoga Investment Corp. entered into an underwriting agreement on January 29, 2026, for the issuance and sale of $100,000,000 aggregate principal amount of its 7.50% Notes due 2031.
The underwriters have an option to purchase an additional $15,000,000 aggregate principal amount of Notes.
The Notes will be listed on the New York Stock Exchange under the trading symbol "SAV" within 30 days of the original issue date.
The closing of the offering is expected to occur on February 6, 2026.

7 days ago

Saratoga Investment Corp. Issues New Senior Unsecured Notes

SAR

Debt Issuance

Saratoga Investment Corp. issued $50,000,000 aggregate principal amount of 7.25% Senior Unsecured Notes due May 1, 2030, in a private placement on January 23, 2026.
The Notes bear interest at 7.25% per year, payable semi-annually commencing May 1, 2026.
The company received approximately $48.5 million in net proceeds, which it intends to use to redeem its outstanding 4.375% Notes due 2026 and for general corporate purposes.
The Company is obligated to file a registration statement for an exchange offer for these Notes, and failure to meet this obligation will result in additional interest payments of up to 0.50% per annum.

Jan 27, 2026, 9:23 PM

Saratoga Investment Corp. Announces Fiscal Third Quarter 2026 Financial Results

SAR

Earnings

Dividends

New Projects/Investments

Saratoga Investment Corp. reported Net Investment Income (NII) per share of $0.61 for the fiscal third quarter 2026, ended November 30, 2025, representing a 5.2% increase from the previous quarter, while Net Asset Value (NAV) per share remained stable at $25.59.
The company achieved a quarterly Return on Equity (ROE) of 13.5%, contributing to a last twelve months ROE of 9.7%, which exceeded the BDC industry average of 6.6%.
Assets Under Management (AUM) increased by 2.1% from the previous quarter to $1.016 billion as of November 30, 2025.
A base quarterly dividend of $0.75 per share was declared for the fourth quarter of fiscal 2026, and a special dividend of $0.25 per share was declared and paid in the third quarter, bringing total dividends declared for fiscal year 2026 to $3.25 per share.

Jan 7, 2026, 9:05 PM

Saratoga Investment Corp. Enters New Credit Facility

SAR

Debt Issuance

New Projects/Investments

On November 6, 2025, Saratoga Investment Corp. (SAR) and its wholly owned financing subsidiary, Saratoga Investment Funding II LLC (SIF II), entered into a Credit and Security Agreement for a new special purpose vehicle financing credit facility.
The Valley Credit Facility provides for borrowings in an aggregate amount of up to $85.0 million, with the possibility to increase to $100.0 million, and matures on November 6, 2028.
Advances under the facility will bear interest at a floating rate per annum equal to Term SOFR plus an applicable margin of 2.85%, with a SOFR Floor of 1.00%.
Saratoga Investment Corp. acts as the collateral manager and equityholder, guaranteeing the obligations and pledging its equity interests in SIF II as security for the facility.
SIF II is required to comply with financial covenants, including an interest coverage test and an overcollateralization test.

Nov 6, 2025, 11:08 PM

Saratoga Investment Corp. Announces Fiscal Second Quarter 2026 Financial Results

SAR

Earnings

Dividends

New Projects/Investments

Saratoga Investment Corp. reported a 3.6% increase in Net Asset Value (NAV) and a 0.4% increase in NAV per share from the previous quarter, reaching $25.61 as of August 31, 2025.
The company achieved a quarterly Return on Equity (ROE) of 13.8%, which exceeded the BDC industry average of 7.3%, with a last twelve months (LTM) ROE of 9.1%.
For the fiscal second quarter 2026, Adjusted Net Investment Income (NII) per share was $0.58 and Earnings per share (EPS) was $0.84.
Assets Under Management (AUM) increased by 2.8% to $995.3 million from the previous quarter, and non-accrual investments were reduced to just one, representing only 0.2% of the portfolio at fair value.
A base dividend of $0.75 per share was declared for the third quarter of fiscal 2026.