Loan & DebtApr 14, 2026, 04:27 PM
Saratoga Investment Corp. Issues $25M in 7.25% Notes Due 2029
AI Summary
Saratoga Investment Corp. entered into a notes purchase agreement on April 10, 2026, for the issuance of $25 million in 7.25% Notes due 2029. These notes were sold to an institutional investor in a private placement. The notes bear interest at 7.25% annually, payable quarterly, and the company has the option to issue up to an additional $50 million in subsequent private offerings by July 10, 2026.
Key Highlights
- Issued $25 million in 7.25% Notes due 2029.
- Notes were sold in a private placement to an institutional investor.
- Interest on the notes is 7.25% per year, payable quarterly.
- Company may issue up to an additional $50 million in notes by July 10, 2026.
Price Impact
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