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Saratoga Investment Corp. (NYSE: SAR) is a renowned publicly traded business development company (BDC) that focuses on providing tailored financing solutions to U.S. middle-market companies. The firm's senior investment professionals boast over 80 years of combined experience, having invested more than $4 billion in various middle-market businesses. Saratoga operates with a diversified funding strategy that includes an SBIC-licensed subsidiary and a $400 million collateralized loan obligation (CLO) fund.
Saratoga's financing solutions encompass a wide range of instruments, including subordinated debt, first and second lien loans, one-stop and unitranche structures, and equity co-investments. This diversity in funding sources, coupled with a permanent capital base, allows Saratoga to meet the unique financing needs of business owners, equity sponsors, fundless sponsors, and family-owned businesses. The company collaborates closely with management teams to create capital structures that support their strategic business goals.
Saratoga's primary focus is on senior and unitranche leveraged loans and mezzanine debt. They also engage in equity investments to facilitate change of ownership transactions, strategic acquisitions, and recapitalizations, aiming to drive growth initiatives in partnership with business owners, management teams, and financial sponsors. The company's objective is to generate attractive risk-adjusted returns by creating both current income and long-term capital appreciation from its debt and equity investments.
Recent achievements include the efficient management of their diverse funding sources and strategic partnerships, which have significantly bolstered their financial condition. The company's broad range of financing solutions and extensive experience make them a preferred partner for middle-market businesses looking to pursue their business plans with confidence.
Latest News:
- Financials
Saratoga Investment Corp. continues to provide supplemental information regarding adjusted net investment income, yield, and per-share metrics to ensure transparency and informed decision-making for their investors.
Contact Information:
Henri Steenkamp, Saratoga Investment Corp.
Phone: 212-906-7800
Saratoga Investment Corp. (NYSE:SAR) will release its financial results for the fiscal year ending February 28, 2023, on May 2, 2023, after market close. A conference call to discuss these results is scheduled for May 3, 2023, at 12:00 p.m. ET. Interested participants can join the call via a live webcast accessible on the company’s investor relations website. Saratoga Investment focuses on providing customized financing solutions to U.S. middle-market businesses, primarily through senior loans, mezzanine debt, and equity investments. The company aims to generate attractive risk-adjusted returns, leveraging its diverse funding sources and permanent capital base for strategic investments.
Saratoga Investment Corp. (NYSE: SAR) announced a $50 million underwritten public offering of 8.50% unsecured notes due 2028, maturing on April 15, 2028. The offering, priced to close on April 14, 2023, includes an option for underwriters to purchase an additional $7.5 million in notes. The interest will be payable quarterly starting May 31, 2023. The company received a private investment-grade rating of "BBB+" from Egan-Jones Ratings. Proceeds will be used to pay down debt, invest in middle-market companies, and for general corporate purposes. Investors are advised to review the preliminary prospectus and accompanying documents filed with the SEC for important information regarding risks and investment objectives.
Saratoga Investment Corp. (NYSE: SAR) announced the launch of a public offering for unsecured notes rated “BBB+” by Egan-Jones Ratings Company. The notes are anticipated to be listed on the New York Stock Exchange under the symbol “SAZ” within 30 days. The company's diverse funding activities include managing a $650 million collateralized loan obligation fund and operating three SBIC-licensed subsidiaries. Saratoga aims to provide customized financing solutions for U.S. middle-market businesses, focusing on senior and unitranche loans, mezzanine debt, and equity investments. The press release includes forward-looking statements regarding the offering and highlights potential risks affecting future performance, such as economic downturns and interest rate fluctuations.
Saratoga Investment Corp. (NYSE:SAR) announced a quarterly dividend of $0.69 per share for the fiscal fourth quarter ended February 28, 2023, an increase of $0.01 from the previous quarter. This dividend, payable on March 30, 2023, rewards stockholders on record by March 16, 2023. The company emphasized strong portfolio performance and a healthy credit profile as key factors for this decision. This marks the fourth dividend in fiscal year 2023, reflecting a trend of increasing payouts from $0.53 per share in previous quarters. Additionally, shareholders may choose to receive dividends in cash or stock through the dividend reinvestment plan (DRIP).
Saratoga Investment Corp. (NYSE:SAR) announced strong financial results for Q3 2023, with Net Investment Income (NII) per share up 30% quarter-over-quarter and 84% year-over-year. Adjusted NII per share also rose 33% sequentially and 45% annually. As of November 30, 2022, Assets Under Management (AUM) were $982 million, up 48.4% year-over-year. The company’s Net Asset Value (NAV) per share slightly decreased to $28.25, while a record 26% dividend increase was declared, resulting in a $0.68 per share dividend.
Saratoga Investment Corp. (NYSE:SAR) will release its financial results for the quarter ended November 30, 2022, on January 10, 2023, after market close. A conference call to discuss these results will occur on January 11, 2023, at 10:00 a.m. ET. Interested parties can access the call via a webcast or phone, with registration required for the latter. The company specializes in providing financing solutions to U.S. middle-market businesses, focusing on leveraged loans and mezzanine debt to generate attractive risk-adjusted returns.
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