Saratoga Investment (SAR) Prices $50M Notes Offering
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Saratoga Investment Corp. Prices Public Offering of $50.0 Million 8.50% Notes Due 2028
April 11, 2023 5:26 PM EDTNEW YORK, April 11, 2023 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (the Company) (NYSE: SAR) today announced that it has priced an underwritten public offering of $50.0Â million in aggregate principal amount of 8.50% unsecured notes due 2028 (the Notes).
The Notes will mature on April 15, 2028, and may be redeemed in whole or in part at any time or from time to time at the Companys option on or after April 14, 2025. The Notes will bear interest at a rate of 8.50% per year payable quarterly on February 28, May 31, August 31, and November 30 of each year, beginning May 31, 2023.... More
