After just selling a new baby bond on 10/19/2022 with an 8% coupon, business development company Saratoga Investment (SAR) has announced they will be selling another baby bond.
The company has 2 other issues outstanding which can be seen here.
The preliminary prospectus can be read here.
J was on this one as well.
4 thoughts on “Saratoga Investment Coming To Market Again with New Baby Bond”
SAR, debt to assets ratio is 80% and interest coverage 2X. Not bad! For this $320M micro cap company.
With SAJ still trading at par, I wonder why they didn’t just do an add on???
As an owner of SAT now trading at 8.03% YTM, I’d be OK with that…