BDC Saratoga Investment (SAR) has priced their new issue of baby bonds.
The bonds will carry a fixed rate coupon of 7.25%.
The bonds will have an optional redemption period starting 6/24/2022 and will have a final maturity date of 6/30/2025
There will be no OTC grey market trading in this issue.
SAR has one other 6.25% baby bond outstanding which can be see here.