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Saratoga Investment Corporation 8.125% Notes Due 2027

Ticker: SAY

Parent Ticker: SAR

OTC Grey Market Temporary Ticker: NA

Issuance Date: 12/06/2022

1st Call Date: 12/13/2024

Maturity Date: 12/31/2027

Shares Issued: 2,080,000

Overallotment Shares: 315,000

Coupon: 8.125%

Face Value: $25.00

Cumulative: No

Qualified: No

Quarterly Dividend Amount: 0.5078

Payment Months:

Payment Day: Last Day

S&P Rating: NR

III Rating (In Regards to Dividend Safety Only): C

Moody Rating: NR

Fitch Rating: NR

Egan-Jones Rating: BBB+