Saratoga Investment Corp.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $408.3M
- Price
- $25.10
- % Change (Daily % change from the live per-ticker quote feed.)
- +0.04%
- Volume
- 17.2K
About
Saratoga Investment Corp. is a specialty finance company that provides customized financing solutions to U.S. middle-market businesses. The company invests primarily in senior and unitranche leveraged loans and mezzanine debt, and, to a lesser extent, equity to provide financing for change of ownership transactions, strategic acquisitions, recapitalizations and growth initiatives in partnership with business owners, management teams and financial sponsors. The company was founded on March 21, 2007 and is headquartered in New York, NY.
Quick stats
Shares outstanding16.3M
Computed float14.6M
Float / shares89.5%
Cash runway (months)1.7
Key info
SectorFinancial Services
IndustryAsset Management
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001377936
AI Summary
AI-generated1/28
standardneutraldebt offering
Saratoga Investment Corp. Prices Public Offering of $85.0 Million 8.00% Notes Due 2031
Saratoga Investment Corp. priced a public offering of $85 million in aggregate principal amount of 8.00% unsecured notes due 2031.
The company intends to use the net proceeds and available cash to redeem in full its outstanding 6.00% notes due 2027.
The notes received a BBB private rating from Egan-Jones Ratings Company and are expected to be listed on the NYSE under the symbol SAX.
Red flags
- New notes issued at 8.00% coupon versus 6.00% on redeemed notes, increasing cost of capital