Saratoga Investment plans to pay down revolver via tap of notes

By Wendy Van Sickle

Columbus, Ohio, July 20 – Saratoga Investment Corp. is planning to repay debt under its revolving credit facility with some proceeds of a $125 million add-on to its 4.375% notes due Feb. 28, 2026, according to a filing with the Securities and Exchange Commission.

Additional proceeds will be used to redeem all of the company’s outstanding 6.25% fixed-rate notes due 2025, to make investments in middle-market companies and for general corporate purposes.

The mid-market debt investment company is based in New York.

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