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+.
3 thoughts on “BDC Saratoga Investment Announces New Baby Bond”
Priced at 8.50% https://ir.saratogainvestmentcorp.com/news-releases/news-release-details/saratoga-investment-corp-prices-public-offering-500-million-850
And here’s the FWP:
Is there any yield talk yet? These usually are high yielders but with the benefit of the BDC leverage restrictions.