{"id":728,"date":"2019-02-01T18:26:36","date_gmt":"2019-02-01T18:26:36","guid":{"rendered":"http:\/\/henristeenkamp.com\/?p=728"},"modified":"2019-05-06T19:34:13","modified_gmt":"2019-05-06T19:34:13","slug":"saratoga-investment-corp-announces-offering-of-additional-6-25-notes-due-2025","status":"publish","type":"post","link":"https:\/\/ragnarok-ms.us\/henristeenkamp-com\/saratoga-investment-corp-announces-offering-of-additional-6-25-notes-due-2025\/","title":{"rendered":"Saratoga Investment Corp. Announces Offering of Additional 6.25% Notes Due 2025"},"content":{"rendered":"

Jan 31, 2019<\/span><\/p>\n

\n
Saratoga Investment Corp. Announces Offering of Additional 6.25% Notes Due 2025<\/div>\n<\/div>\n
\n

NEW YORK, NY,\u00a0Jan. 31, 2019\u00a0(GLOBE NEWSWIRE) —\u00a0Saratoga Investment Corp.\u00a0(the \u201cCompany\u201d) (NYSE: SAR) announced the commencement of a registered public offering of additional 6.25% Notes due 2025 (the \u201cNotes\u201d). The Notes constitute a further issuance of, rank equally in right of payment with, and form a single series with the\u00a0$40 million\u00a0in aggregate principal amount of the 6.25% Notes due 2025 that the Company initially issued on\u00a0August 28, 2018\u00a0(the \u201cExisting Notes\u201d).<\/p>\n

The Existing Notes currently trade on the\u00a0NYSE\u00a0under the symbol \u201cSAF.\u201d The Company intends to list the additional Notes under the same trading symbol.<\/p>\n

Ladenburg Thalmann & Co. Inc., a subsidiary of\u00a0Ladenburg Thalmann Financial Services Inc.\u00a0(NYSE American: LTS), and\u00a0Compass Point Research & Trading, LLC\u00a0are acting as the joint book-running managers, and\u00a0BB&T Capital Markets, a division of\u00a0BB&T Securities, LLC, is acting as lead manager for the offering.<\/p>\n

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sale of, the Notes referred to in this press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction. A registration statement relating to the Notes was filed and has been declared effective by the\u00a0Securities and Exchange Commission.<\/p>\n

This offering is being made solely by means of a written prospectus and related prospectus supplement forming part of the effective registration statement, which may be obtained from Ladenburg Thalmann, Attn:\u00a0Syndicate Department,\u00a0277 Park Avenue, 26th Floor,\u00a0New York, NY\u00a010172, or by emailing\u00a0prospectus@ladenburg.com<\/a>\u00a0(telephone number 1-800-573-2541)\u00a0The prospectus\u00a0<\/strong>and related prospectus supplement contain a description of these matters and other important information about the Company and should be read carefully before investing.<\/strong><\/p>\n

About\u00a0Saratoga Investment Corp.<\/strong><\/p>\n

Saratoga Investment Corp.\u00a0is a specialty finance company that provides customized financing solutions to U.S. middle-market businesses.\u00a0 The Company invests primarily in senior and unitranche leveraged loans and mezzanine debt, and, to a lesser extent, equity to provide financing for change of ownership transactions, strategic acquisitions, recapitalizations and growth initiatives in partnership with business owners, management teams and financial sponsors.\u00a0 Saratoga Investment Corp.\u2019s objective is to create attractive risk-adjusted returns by generating current income and long-term capital appreciation from its debt and equity investments.\u00a0\u00a0Saratoga Investment Corp.\u00a0has elected to be regulated as a business development company (\u201cBDC\u201d) under the Investment Company Act of 1940 and is externally-managed by\u00a0Saratoga Investment Advisors, LLC, an\u00a0SEC-registered investment advisor focusing on credit-driven strategies.\u00a0\u00a0Saratoga Investment Corp.\u00a0owns an SBIC-licensed subsidiary and manages a\u00a0$500 million\u00a0Collateralized Loan Obligation (CLO) fund.\u00a0 It also owns 100% of the Class F-R-2, G-R-2 and subordinated notes of the CLO.\u00a0 These diverse funding sources, combined with a permanent capital base, enable\u00a0Saratoga Investment Corp.\u00a0to provide a broad range of financing solutions.<\/p>\n

Forward Looking Statements<\/strong><\/p>\n

Statements included herein may contain \u201cforward-looking statements\u201d. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of assumptions, risks and uncertainties, which change over time. Actual results may differ materially from those anticipated in any forward-looking statements as a result of a number of factors, including those described from time to time in filings by the Company with the\u00a0Securities and Exchange Commission. Except as required by law, the Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Jan 31, 2019 Saratoga Investment Corp. Announces Offering of Additional 6.25% Notes Due 2025 NEW YORK, NY,\u00a0Jan. 31, 2019\u00a0(GLOBE NEWSWIRE) —\u00a0Saratoga Investment Corp.\u00a0(the \u201cCompany\u201d) (NYSE: SAR) announced the commencement of a registered public offering of additional 6.25% Notes due 2025 (the \u201cNotes\u201d). The Notes constitute a further issuance of, rank equally in right of payment […]<\/p>\n","protected":false},"author":1176,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_mi_skip_tracking":false,"footnotes":""},"categories":[3],"tags":[69,94,111],"class_list":["post-728","post","type-post","status-publish","format-standard","hentry","category-blog","tag-henri-steenkamp","tag-press-release","tag-saratoga-corp"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/ragnarok-ms.us\/henristeenkamp-com\/wp-json\/wp\/v2\/posts\/728","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ragnarok-ms.us\/henristeenkamp-com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ragnarok-ms.us\/henristeenkamp-com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ragnarok-ms.us\/henristeenkamp-com\/wp-json\/wp\/v2\/users\/1176"}],"replies":[{"embeddable":true,"href":"https:\/\/ragnarok-ms.us\/henristeenkamp-com\/wp-json\/wp\/v2\/comments?post=728"}],"version-history":[{"count":0,"href":"https:\/\/ragnarok-ms.us\/henristeenkamp-com\/wp-json\/wp\/v2\/posts\/728\/revisions"}],"wp:attachment":[{"href":"https:\/\/ragnarok-ms.us\/henristeenkamp-com\/wp-json\/wp\/v2\/media?parent=728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ragnarok-ms.us\/henristeenkamp-com\/wp-json\/wp\/v2\/categories?post=728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ragnarok-ms.us\/henristeenkamp-com\/wp-json\/wp\/v2\/tags?post=728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}