Saratoga Investment Prices New Baby Bond

Saratoga Investment Corp (SAR) has priced their previously announced baby bond.

The issue prices at 6.00% and is rated BBB+ by Egan Jones.

An optional early redemption is available to the company starting in 2024 with maturity set for 4/30/2027.

The company may use the proceeds from this offering to call the SAK 7.25% baby bonds which become redeemable on 6/24/2022.

The pricing term sheet can be found here.

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