Saratoga Investment Corp 8.50%
- 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.)
- $409.6M
- Price
- $25.18
- % Change (Daily % change from the live per-ticker quote feed.)
- 0.00%
- Volume
- 4.2K
About
Operating as a publicly traded Business Development Company (BDC), Saratoga Investment Corp. (NYSE: SAR) specializes in offering bespoke financing solutions to U.S.-based middle-market businesses. The firm's seasoned investment professionals bring a substantial track record to bear, with their collective experience exceeding 200 years and over $4 billion in capital deployed into similar mid-sized enterprises.
Quick stats
Shares outstanding16.3M
Computed float14.6M
Float / shares89.5%
Cash runway (months)1.6
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