Business development company Saratoga Investment (SAR) has announced the issuance of new baby bonds.
The preliminary prospectus is here.
SAR has 3 baby bonds current outstanding and they can be seen here.
The new issue is not yet priced. Egan Jones rates the new issue BBB+.
Users who liked this:
Priced at 8.50% https://ir.saratogainvestmentcorp.com/news-releases/news-release-details/saratoga-investment-corp-prices-public-offering-500-million-850
Thanks, 2WR.
And here’s the FWP:
https://www.sec.gov/Archives/edgar/data/1377936/000121390023028892/ea176822-fwp_saratoga.htm
Is there any yield talk yet? These usually are high yielders but with the benefit of the BDC leverage restrictions.