SARATOGA INVESTMENT CORP. NEW - SAR STOCK NEWS

Saratoga Investment Corp. (NYSE: SAR) announced a public offering of $50 million in 4.375% notes due 2026. The notes mature on February 28, 2026, and can be redeemed optionally at par with a make-whole premium. Interest will be paid semi-annually starting August 28, 2021. Proceeds from the offering will be used for investments in middle-market companies and general corporate purposes. The offering is managed by Raymond James & Associates, with delivery expected around March 10, 2021. Investors should review the prospectus before investing.

Saratoga Investment Corp. (NYSE:SAR) announced a successful reset and upsizing of its CLO 2013-1, lifting total assets to $600 million from $500 million. This reset involves various classes of notes, with key details including:

• A-1-R-3: $330M, Aaa rating, L+132 coupon
• A-2-R-3: $60M, Aaa rating, L+165 coupon
• B-FL-R-3: $55M, Aa2 rating, L+180 coupon

The anticipated closing is set for February 26, 2021, while the legal final date is April 20, 2033. Note that these securities have not been registered under the Securities Act of 1933.

Saratoga Investment Corp. (SAR) reported its fiscal Q3 2021 financial results, showing a 12.3% increase in assets under management (AUM) to $546.9 million compared to the prior year. Net investment income was $4.5 million ($0.40 per share), experiencing a decline from $4.6 million a year prior. The company's net asset value (NAV) rose to $299.9 million with a NAV per share of $26.84. The Board declared a quarterly dividend of $0.42 per share, up by $0.01 from the previous quarter, reflecting confidence despite economic uncertainty due to the COVID-19 pandemic.

Saratoga Investment Corp. (NYSE:SAR) will disclose its financial results for the fiscal quarter ending November 30, 2020, on January 6, 2021, after market close. A conference call to discuss these results is scheduled for January 7, 2021, at 10:00 AM ET. Interested parties can join by dialing the numbers provided or via webcast on the company’s investor relations page. The 10-Q filing will be submitted to the SEC on January 6, 2021. Saratoga Investment focuses on providing customized financing solutions to U.S. middle-market businesses, aiming for attractive risk-adjusted returns.

Saratoga Investment Corp. (NYSE:SAR) reported its fiscal Q2 2021 results, highlighting an AUM of $508.1 million, up 4.4% YoY. The net asset value (NAV) as of August 31, 2020, rose to $298.2 million, yielding a NAV per share of $26.68. The company achieved a return on equity of 14.3% and declared a quarterly dividend of $0.41 per share, a $0.01 increase from the previous quarter. Despite challenges from the COVID-19 pandemic, Saratoga continues to grow its investment portfolio, with significant unrealized gains totaling $16.6 million this quarter.

Saratoga Investment Corp. (NYSE: SAR) announced it will release its financial results for the fiscal quarter ending August 31, 2020, on October 7, 2020, after market close. A conference call will follow on October 8, 2020, at 10:00 a.m. ET to discuss these results, featuring executives Christian Oberbeck, Michael Grisius, and Henri Steenkamp. The results will be available in the Form 10-Q filed with the SEC. The company specializes in financing solutions for middle-market businesses, focusing on leveraged loans and mezzanine debt, aiming for attractive risk-adjusted returns.

Saratoga Investment Corp. (NYSE: SAR) has initiated the distribution of proxy materials for its 2020 Annual Meeting scheduled on September 29, 2020. Stockholders are encouraged to vote their shares promptly to minimize solicitation costs. The meeting will be held in New York, and stockholders as of July 31, 2020, are eligible to vote. The annual report and proxy statement are available for review on Saratoga's investor relations website. Saratoga Investment focuses on providing financing solutions to U.S. middle-market businesses.

Saratoga Investment Corp. (NYSE:SAR) reported its fiscal Q1 2021 results, revealing a decrease in net asset value (NAV) to $281.6 million from $304.3 million in the previous quarter, alongside earnings per share of ($2.02). The company declared a dividend of $0.40 per share, reflecting strong liquidity post a $43.1 million baby bond issuance. AUM stood at $482.9 million, up 17.9% year-over-year, while net investment income was $9 million, or $0.80 per share. Despite challenges posed by COVID-19, Saratoga maintains significant portfolio strength with 90% of loans rated highly.

Saratoga Investment Corp. (NYSE: SAR) announced a successful public offering of $43.125 million in aggregate principal amount of 7.25% unsecured notes due 2025. The underwriters exercised their option to purchase an additional $5.625 million of these notes. Trading under the symbol 'SAK' began on June 30, 2020, with interest payable quarterly starting August 31, 2020. The Company received a 'BBB' investment-grade rating from Egan-Jones Ratings Company.

Proceeds will be used for investments in middle-market companies and general corporate purposes.