Every 424B that Saratoga Investment Corp. 8.00% Notes due 2027 (SAJ) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow SAJ and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SAJ filings page.
Saratoga Investment Corp. is conducting a primary shelf offering of additional unsecured notes. The company expects to use the net proceeds to repay a portion of its indebtedness under the Valley Credit Facility.
Saratoga Investment Corp. (SAJ), a business development company focused on U.S. middle‑market lending, is offering additional 8.00% Notes due 2031 in a takedown from its Form N‑2 shelf. These new notes are a fungible further issuance of the 8.00% 2031 notes first issued on August 26, 2026 and September 2, 2026 and will share the same CUSIP, terms, and ranking.
The notes pay 8.00% fixed interest, with quarterly payments on February 28, May 31, August 31 and November 30, maturing on August 31, 2031, and are listed on the NYSE under the symbol “SAX”. They are unsecured, unsubordinated obligations ranking pari passu with Saratoga’s other unsecured notes and structurally and effectively subordinated to secured debt and all subsidiary obligations, including borrowings under the Live Oak and Valley credit facilities and $259.0 million of SBA‑guaranteed debentures.
Saratoga expects to use net proceeds to repay a portion of the Valley Credit Facility or redeem its 8.00% 2027 Notes, depending on the final proceeds. As of May 31, 2026, Saratoga reported $1.2 billion in total assets, a predominantly first‑lien loan portfolio with a 9.8% weighted‑average yield, and a reported asset coverage ratio of 162.6% under the 1940 Act.
Saratoga Investment Corp. (SAJ), a business development company focused on U.S. middle‑market lending, is issuing $85 million aggregate principal amount of 8.00% Notes due 2031, with an underwriters’ option for an additional $12.75 million. The Notes are unsecured, fixed‑rate obligations in $25 denominations, maturing on August 31, 2031, and paying interest quarterly starting November 30, 2026. They rank pari passu with Saratoga’s other unsecured unsubordinated notes and are effectively and structurally subordinated to secured borrowings and subsidiary-level debt.
The company expects net proceeds of about $82.0 million (or $94.4 million if the option is fully exercised), which, together with cash, are intended to redeem in full the outstanding 6.00% Notes due 2027 (principal $105.5 million). As of May 31, 2026, Saratoga reported $1.2 billion in total assets, a portfolio weighted‑average yield of 9.8%, and an asset‑coverage ratio of 162.6% (or 146.3% including SBA debentures). The Notes are expected to list on the NYSE under the symbol “SAX” and trade “flat,” with no separate trading of accrued interest.
Saratoga Investment Corp., a specialty finance company regulated as a business development company, plans to issue unsecured fixed-rate Notes due 2031 under its shelf registration. The Notes will pay interest quarterly, be issued in $25 denominations and are expected to list on the NYSE under the symbol SAX.
The Notes will rank pari passu with Saratoga’s existing unsecured notes, but will be effectively subordinated to secured debt and structurally subordinated to obligations of subsidiaries, including $37.5 million under the Live Oak Credit Facility, $32.5 million under the Valley Credit Facility and $213.0 million in SBA debentures as of August 17, 2026. Net proceeds are expected to be used to redeem the 6.00% 2027 Notes, redeem the 8.00% 2027 Notes and/or repay a portion of the Valley Credit Facility.
Saratoga Investment Corp. proposes an at-the-market offering to sell up to $300,000,000 aggregate offering price of common stock pursuant to an equity distribution agreement with agents. The prospectus supplement states $170.4 million remains available under the ATM Program as of the date hereof and, assuming sale of that remaining amount, the company anticipates net proceeds of approximately $167.5 million.
The offering will be conducted on the NYSE or through market makers at prevailing or negotiated prices, with agents paid commissions up to 1.5%. NAV per share was $25.59 as of November 30, 2025, and the per-share sales price, less commissions, will not be below NAV; Saratoga Investment Advisors may contribute proceeds to prevent sales below NAV. Net proceeds are intended for middle-market investments, possible reduction of borrowings and general corporate purposes.
Saratoga Investment Corp., a middle‑market business development company, is offering $100,000,000 in aggregate principal amount of 7.50% notes due 2031. These fixed‑rate Notes pay interest quarterly starting May 31, 2026, and mature on February 6, 2031, with a minimum denomination of $25.
The Notes are unsecured, rank equally with Saratoga’s other unsecured unsubordinated debt, and are effectively subordinated to secured borrowings and all obligations of subsidiaries, including SBA debentures and credit facilities. Saratoga intends to list the Notes on the NYSE under the symbol “SAV.”
Estimated net proceeds of about $96.4 million will be used, together with available cash, to repay the $175.0 million 4.375% notes due 2026 at maturity. The Notes are callable at par plus accrued interest on or after February 6, 2028, and are not subject to a sinking fund, so repayment at maturity will depend on Saratoga’s financial position at that time. The company highlights leverage and structural subordination as key risks for noteholders.
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.