Saratoga Invtmt SEC Filings

Saratoga Investment Corp. entered into an underwriting agreement to issue and sell $100,000,000 aggregate principal amount of its 7.50% Notes due 2031. The underwriters also have a 30-day option to buy up to an additional $15,000,000 of these notes.

The company plans to list the notes on the New York Stock Exchange under the symbol “SAV” within 30 days of the original issue date. Closing of the offering is expected on February 6, 2026, subject to customary closing conditions, and the agreement includes standard representations, covenants, and indemnification provisions.

Saratoga Investment Corp.'s CEO, director, and 10% owner Christian L. Oberbeck reported a gift of 1,000 shares of common stock on January 29, 2026. The filing states this was a gift to his grandchild who does not share his household, at a reported price of $0.00 per share.

After this transaction, he directly beneficially owned 664,983 common shares, with additional indirect holdings reported as 86,446 shares by his children, 71,607 shares by CLO Partners LLC, 100,000 shares by CLO Partners Holdings LLC, and 1,937 shares by his wife.

Saratoga Investment Corp. is offering a new series of unsecured notes due 2031 and plans to use the proceeds and available cash to redeem in full its $175.0 million 4.375% notes due 2026. The new fixed-rate notes will pay interest quarterly and are expected to be listed on the NYSE under the symbol “SAV.”

The notes rank equally with Saratoga’s other unsecured unsubordinated debt and are effectively and structurally subordinated to secured borrowings and subsidiary-level obligations, including the Live Oak and Valley credit facilities and $170.0 million of SBA‑guaranteed debentures. The company highlights leverage, limited covenants, redemption risk and market liquidity as key risks for investors.

Saratoga Investment Corp. has issued and sold $50,000,000 of 7.25% Senior Unsecured Notes due May 1, 2030 in a private placement to an institutional purchaser. The Notes were priced at 99.117% of face value, generating approximately $48.5 million in net proceeds after about $1.5 million of fees and expenses, all payable by the company. The Notes bear interest at 7.25% per year, payable semi-annually on May 1 and November 1, starting May 1, 2026, and may be redeemed at par plus a make-whole premium before January 23, 2028 and at par thereafter.

The company intends to use the net proceeds to redeem its outstanding 4.375% Notes due 2026 and for general corporate purposes. The Notes are unsecured senior obligations ranking equally with other unsecured, unsubordinated debt and are effectively or structurally subordinated to secured debt and subsidiary obligations. Saratoga also entered into a Registration Rights Agreement requiring it to register an exchange offer for substantially identical registered notes and to complete that exchange offer no later than 365 days after initial issuance, or pay additional interest if it does not meet these obligations.

Saratoga Investment Corp., a business development company focused on U.S. middle‑market lending, has filed a shelf registration to offer up to $750,000,000 of common stock, preferred stock, subscription rights, debt securities and warrants. The company invests mainly in senior and unitranche leveraged loans and mezzanine debt that are typically below investment grade, aiming to generate current income and some capital appreciation.

As of November 30, 2025, net asset value was $25.59 per share, while the January 14, 2026 NYSE price was $23.43, an approximate 8.44% discount to NAV. Saratoga uses leverage and operates with a reduced asset coverage requirement of 150%, and its estimated total annual expenses are 21.76% of average net assets, reflecting significant management, incentive and interest costs. Proceeds from future offerings are expected to fund new middle‑market investments, repay borrowings and support general corporate purposes.

Saratoga Investment Corp. furnished an update announcing its financial results for the quarter ended November 30, 2025. The company released these results in a press release dated January 7, 2026, which is included as an exhibit to the report and incorporated by reference. The press release provides the detailed financial figures and commentary, while the report itself clarifies that this information is being furnished rather than filed for liability purposes under securities laws.

Saratoga Investment Corp., a business development company, reported results for the three and nine months ended November 30, 2025. For the quarter, total investment income was $31.6M compared with $35.9M a year earlier, and net investment income was $9.8M versus $12.4M, reflecting lower interest income and fees.

Despite softer income, quarterly net increase in net assets from operations rose to $12.0M from $8.8M, helped by net realized and unrealized gains on investments. Over nine months, net investment income was $29.0M, while net increase in net assets from operations reached $39.2M. Total investments at fair value were $1.02B and net assets were $413.2M, with net asset value per share of $25.59 versus $25.86 at the prior fiscal year-end.

Saratoga Investment Corp. CEO, director and 10% owner Christian Oberbeck reported a gift of 1,000 shares of common stock on 12/19/2025. The shares were gifted to his grandchild, who does not share his household. Following this transaction, he directly beneficially owns 657,285 shares of common stock and indirectly beneficially owns additional shares through his children, CLO Partners LLC, CLO Partners Holdings LLC, and his wife.

Saratoga Investment Corp. CEO, director and 10% owner Christian Oberbeck reported stock gifts to family members in a Form 4 dated 12/11/2025. He transferred 5,200 shares of common stock as a gift to children who do not share his household and 7,800 shares as a gift to children who share his household, both at a reported price of $0.00 per share.

After these transactions, Oberbeck holds 657,285 common shares directly. He also reports indirect beneficial ownership of 83,742 shares held by his children, 73,607 shares held by CLO Partners LLC, 100,000 shares held by CLO Partners Holdings LLC, and 1,872 shares held by his wife.