Welcome to our dedicated page for Saratoga Invt news (Ticker: SAR), a resource for investors and traders seeking the latest updates and insights on Saratoga Invt stock.
Saratoga Investment Corp. reports recurring developments as a business development company that provides customized financing to U.S. middle-market businesses. Its updates center on senior and unitranche leveraged loans, mezzanine debt, selective equity investments, portfolio originations, asset growth, net investment income, net asset value, return on equity and credit quality across its investment portfolio.
Company news also covers dividend declarations, including monthly payments tied to quarterly base dividends, conference-call scheduling, shareholder voting matters and capital-structure activity. Financing updates include debt securities and note issuances used within the BDC's broader funding structure.
Saratoga Investment Corp. (NYSE:SAR) reported its fiscal Q1 2021 results, revealing a decrease in net asset value (NAV) to $281.6 million from $304.3 million in the previous quarter, alongside earnings per share of ($2.02). The company declared a dividend of $0.40 per share, reflecting strong liquidity post a $43.1 million baby bond issuance. AUM stood at $482.9 million, up 17.9% year-over-year, while net investment income was $9 million, or $0.80 per share. Despite challenges posed by COVID-19, Saratoga maintains significant portfolio strength with 90% of loans rated highly.
Saratoga Investment Corp. (NYSE: SAR) announced a successful public offering of $43.125 million in aggregate principal amount of 7.25% unsecured notes due 2025. The underwriters exercised their option to purchase an additional $5.625 million of these notes. Trading under the symbol 'SAK' began on June 30, 2020, with interest payable quarterly starting August 31, 2020. The Company received a 'BBB' investment-grade rating from Egan-Jones Ratings Company.
Proceeds will be used for investments in middle-market companies and general corporate purposes.
Saratoga Investment Corp. (NYSE: SAR) is set to report its financial results for the fiscal quarter ending May 31, 2020, on July 8, 2020. The announcement will follow with a conference call on July 9, 2020, at 10:00 a.m. ET, led by key executives including CEO Christian L. Oberbeck. Investors can participate by dialing specific numbers or via webcast. The Form 10-Q will be filed with the SEC on the same day. Saratoga focuses on providing customized financing solutions to middle-market businesses, investing primarily in leveraged loans and mezzanine debt.
Saratoga Investment Corp. has priced a public offering of $37.5 million in 7.25% unsecured notes due 2025, with an option for underwriters to purchase an additional $5.625 million. The notes will provide interest quarterly, starting August 31, 2020, and are expected to trade on the NYSE under the symbol 'SAC'. Proceeds will be used for investments in middle-market companies and general corporate purposes. Egan-Jones rated the notes as 'BBB'. The offering is set to close on June 24, 2020.
Saratoga Investment Corp. (NYSE: SAR) announced a public offering of Notes due 2025, rated investment grade 'BBB' by Egan-Jones Ratings Company. The Notes are expected to be listed on the New York Stock Exchange under the symbol 'SAC'. The offering will be managed by a consortium of investment banks, including Ladenburg Thalmann and Janney Montgomery Scott. Investors are advised to review the investment objectives and related risks before participating. A registration statement related to the offering has been declared effective by the SEC.