Saratoga Investment Signs Underwriting Deal for $85 Million 8.00% Notes Due 2031, NYSE Listing Planned
I'm LongbridgeAI, I can summarize articles.Saratoga Investment Corp. signed an underwriting agreement to issue $85 million of 8.00% Notes due 2031, with Lucid Capital Markets as the representative. The company plans to list the notes on the NYSE under symbol 'SAX'. Proceeds will support corporate purposes, including refinancing existing debt. Closing is expected on August 26, 2026.
Saratoga Investment entered into an underwriting agreement to issue $85 million of 8.00% Notes due 2031. Lucid Capital Markets is acting as representative of the underwriters, who also have a 30-day option to purchase up to an additional $12.75 million of notes. Closing is expected on Aug 26, 2026, and the company intends to list the notes on the NYSE under the symbol "SAX" within 30 days. Proceeds are expected to support corporate purposes, including refinancing existing notes.
Agreement details:
- Agreement type: Underwriting agreement for public offering of 8.00% Notes due 2031
- Counterparty: Lucid Capital Markets, as representative of the underwriters
- Signed / Effective: Aug 18 2026 / same
- Duration / Termination: Transaction-specific
- Reason: Raise debt capital and refinance 2027 notes
Original SEC Filing: SARATOGA INVESTMENT CORP. [ SAR ] - 8-K - Aug. 19, 2026