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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) announced the distribution of proxy materials for its 2022 Annual Meeting, scheduled for September 29, 2022. Stockholders are encouraged to vote their shares promptly to minimize solicitation costs. The meeting will take place at Eversheds Sutherland in New York City. Saratoga aims to provide financial solutions to U.S. middle-market businesses through its various debt and equity investments. Detailed information can be found on their Investor Relations website.
Saratoga Investment Corp. (NYSE:SAR) reported its fiscal Q1 2023 financials, showing an increase in Assets Under Management (AUM) to $894.5 million, up 9.4% year-over-year. Net Investment Income (NII) per share rose to $0.66, with total investment income reaching $18.7 million. However, the company reported a net loss of $0.12 per share, and NAV per share fell to $28.69, a decrease of 2.2% from the previous quarter. The firm declared a $0.53 dividend per share, consistent with prior quarters. Management expressed focus on maintaining liquidity and capital strength amid market volatility.
NEW YORK, June 23, 2022 – Saratoga Investment Corp. (NYSE:SAR) will announce its financial results for the quarter ended May 31, 2022, on July 6, 2022, after market close. A conference call to discuss these results is scheduled for July 7, 2022, at 10:00 a.m. ET. Investors can access the call via webcast or phone, with details available on Saratoga's investor relations website. The company specializes in providing customized financing solutions to middle-market businesses and is regulated as a business development company.
Saratoga Investment Corp. (NYSE:SAR) announced a quarterly dividend of $0.53 per share for the fiscal first quarter ending May 31, 2022, payable on June 29, 2022. Shareholders of record as of June 14, 2022, can choose between cash or stock via the Company's dividend reinvestment plan. The dividend strategy emphasizes Saratoga's commitment to providing consistent returns, supported by a healthy credit profile and strong portfolio performance. This marks the first dividend declaration in fiscal year 2023, consistent with past quarterly dividends.
Saratoga Investment Corp. (NYSE: SAR) announced a partial exercise of the underwriters' option in its registered public offering of $87.5 million in 6.00% unsecured notes due 2027, adding $10 million in Additional Notes. The Existing Notes began trading on May 3, 2022, under the symbol 'SAT'. The Notes, maturing on April 30, 2027, bear interest at 6.00% and are redeemable beginning April 27, 2027. Egan-Jones Ratings Company provided a rating of 'BBB+'. Proceeds will be used for investments in middle-market companies and to redeem 7.25% fixed-rate notes due 2025.
Saratoga Investment Corp. (NYSE:SAR) reported robust financial results for the fiscal year ending February 28, 2022. Assets Under Management (AUM) reached $817.6 million, a 47.5% increase year-over-year. Net Asset Value (NAV) per share rose to $29.33, a historic high, with earnings per share at $3.99. Investment income grew by 22.7% to $70.7 million, underscoring strong portfolio performance. The company originated $458 million in investments while maintaining high credit quality, with 98.5% rated at the highest category, demonstrating resilience amidst economic challenges.
Saratoga Investment Corp. (NYSE:SAR) will announce its financial results for the fiscal year and quarter ending February 28, 2022, on May 4, 2022, post-market close. A conference call to discuss these results is scheduled for May 5, 2022, at 1:00 PM ET. Key executives including CEO Christian L. Oberbeck and CFO Henri J. Steenkamp will present the findings. The company, which provides financing solutions for middle-market businesses, emphasizes risk-adjusted returns from its debt and equity investments. The Form 10-K will be filed with the SEC on May 4, 2022.
Saratoga Investment Corp. has announced an underwritten public offering of $87.5 million in 6.00% unsecured notes due April 30, 2027. The notes will pay interest quarterly, starting August 31, 2022, and can be redeemed after April 27, 2024. The offering is expected to close on April 27, 2022, and comes with an option for underwriters to purchase an additional $12.5 million. Proceeds will be used for investments in middle-market companies and potentially to redeem existing 7.25% notes. The notes are rated BBB+ by Egan-Jones Ratings Company.
Saratoga Investment Corp. (NYSE: SAR) has announced a registered public offering of unsecured notes. The company received a rating of “BBB+” from Egan-Jones Ratings Company. The notes are expected to be listed on the NYSE under the symbol “SAT” within 30 days. Ladenburg Thalmann, B. Riley Securities, and Oppenheimer are the joint book-running managers for this offering. Investors are advised to consider the investment risks carefully. This press release is not an offer to sell or buy the notes in jurisdictions where such actions would be unlawful.
Saratoga Investment Corp. (NYSE:SAR) has announced a quarterly dividend of $0.53 per share for Q4 of fiscal year 2022, payable on March 28, 2022. This marks the fifth dividend declaration for the fiscal year, consistently increasing from $0.43 in Q4 of FY2021 to $0.53 this quarter. The Company emphasizes its strong portfolio performance and robust deal pipeline, aiming for attractive long-term returns. Shareholders can choose between cash or stock options through the dividend reinvestment plan.
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