Saratoga Investment expands Valley National Bank credit facility to $110 million
SAR•Saratoga Investment amended its Valley Credit Facility on Oct. 8, 2026, increasing available borrowings to $110 million from $85 million and potential commitment increases during the first two years to $135 million from $100 million, subject to conditions.
1. Facility amendment
The amendment sets a 70% cap on the advance rate for Unitranche Loans and loosens portfolio concentration limits, including raising the healthcare exposure limit to 35% from 25% of Aggregate ECA Value. It also changes the key person definition, replacing Henri Steenkamp with Christine Ramdihal.
