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Saratoga Investment Prices Baby Bonds

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.

The pricing term sheet can be read here.

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