Saratoga Investment Completes $100 Million Unsecured Notes Offering
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Saratoga Investment Corp. has completed a $100 million public offering of 7.50% unsecured notes due 2031. The offering, which closed on February 6, 2026, generated net proceeds of approximately $96.4 million, intended to repay existing 4.375% notes maturing on February 28, 2026. The new debt ranks equally with other unsecured obligations and is subject to covenants under the Investment Company Act. Analysts rate SAR stock as a Hold with a $26.00 price target, citing improved profitability but concerns over leverage and balance-sheet inconsistencies.
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