Saratoga Investment prices additional USD 20.08 million offering of 8% unsecured notes due 2031
SAR•Proceeds and closing
Net proceeds are earmarked to repay part of debt under an SPV financing credit facility with Valley National Bank.
The offering is expected to close Sept. 24.
Additional notes offering priced
Saratoga Investment priced an underwritten public offering of USD 20.08 million 8.00% unsecured notes due 2031.
The deal adds to the existing 8.00% unsecured notes due 2031 series, lifting outstanding principal to USD 117.83 million.
Underwriters hold an option to buy up to an additional USD 3 million of the notes.
