Welcome to our dedicated page for Saratoga Invtmt SEC filings (Ticker: SAJ), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Saratoga Investment Corp.'s SEC filings document public reporting for its NYSE-listed common stock and exchange-listed notes, including SAJ, the company's 8.00% Notes due 2027. Form 8-K reports disclose results of operations, material definitive agreements, senior unsecured note issuances, registration rights, credit arrangements involving Saratoga Investment Funding II LLC, shareholder voting matters, governance matters and capital-structure updates.
The filings also identify Saratoga's registered security classes, which include common stock and multiple note series with different coupons and maturities. Debt-related disclosures cover offering agreements, indenture-related matters, exchange-registration obligations and financing arrangements that affect the company's liability profile.
Saratoga Investment Corp. entered a new secured credit facility with Valley National Bank for up to $85.0 million, with the option during the first two years to request increases to an amount not to exceed $100.0 million, subject to terms and a customary fee. The facility matures on November 6, 2028 and requires a minimum drawn amount equal to the greater of $25.0 million or 38% of the facility amount in effect.
Borrowings bear interest at Term SOFR + 2.85% with a 1.00% SOFR floor. An unused fee applies at 0.75% when unused commitments exceed 62% of the total, otherwise 0.50%. Advances are governed by a borrowing base with advance rates on eligible loans ranging from 25% to 75%, and include interest coverage and overcollateralization tests.
The facility is secured by a first‑priority lien on substantially all assets of the borrowing subsidiary and an equity pledge by the Company. Related agreements include a loan sale/contribution arrangement and a limited guaranty, plus a springing guaranty that becomes effective on the tenth business day following a defined Rating Event if not cured. The Company also terminated its prior Encina facility after satisfying all obligations.
Saratoga Investment Corp. furnished a press release announcing its financial results for the quarter ended August 31, 2025. The press release is included as Exhibit 99.1 and provides details on the company’s operations and financial condition for that period. The information in this report, including Exhibit 99.1, is being furnished rather than filed under securities law and is only incorporated into other documents if specifically referenced.
Saratoga Investment Corp. (SAJ) reports consolidated quarterly disclosures describing its single reportable segment, portfolio composition and valuation practices. The company holds $57.8M of subordinated notes in the Saratoga CLO and has received cumulative distributions of $92.2M, management fees of $39.6M and incentive fees of $1.2M from that vehicle. The present value of projected future cash flows of those subordinated notes was approximately $0.1M using a 70.0% discount rate as of August 31, 2025.
The filing notes the SBIC subsidiary repaid SBA debentures and merged into the Company, unlocking undistributed capital and referencing the SBIC regulatory cap of $350.0M in outstanding debentures with at least $175.0M combined regulatory capital. SOFR reference rates are disclosed: 1M TERM SOFR 4.27% and 3M TERM SOFR 4.17%. The company details valuation hierarchy, level classifications, and use of an independent valuation firm and audit committee review for Level 3 assets.
Saratoga Investment Corp. reported the results of its 2025 Annual Meeting of Stockholders held on September 25, 2025. As of the July 29, 2025 record date, 15,951,835 shares of common stock were eligible to vote, and 11,533,981 shares were represented in person or by proxy. Stockholders elected Steven M. Looney and Charles S. Whitman III as directors to serve until the 2028 Annual Meeting or until their successors are elected and qualified. Mr. Looney received 4,474,615 votes for and 892,437 votes withheld, while Mr. Whitman received 4,365,201 votes for and 1,001,851 votes withheld. Stockholders also ratified the selection of Ernst & Young LLP as independent registered public accounting firm for the fiscal year ending February 28, 2026, with 10,593,050 votes for, 848,257 votes against, and 92,674 abstentions.
Christian L. Oberbeck, identified as CEO, Director and a 10% owner of Saratoga Investment Corp., reported a transaction dated 09/23/2025 on Form 4. The filing states Mr. Oberbeck transferred 606 shares of common stock to two Saratoga employees as compensation. The form lists various holdings described as direct and indirect ownership (including interests held by CLO Partners LLC, CLO Partners Holdings LLC, his children and his wife). The Form 4 was signed on 09/25/2025.