The company today announced that it has priced an underwritten public offering of $100.0 million in aggregate principal amount of 7.50% unsecured notes due 2031 (the “Notes”). The offering is subject to customary closing conditions and is expected to close on February 6, 2025. The Notes will mature on February 6, 2031, and may be redeemed in whole or in part at any time or from time to time at the Company’s option on or after February 6, 2028. The Notes will bear interest at a rate of 7.50% per year payable quarterly on February 28, May 31, August 31, and November 30 of each year, beginning May 31, 2026. As of 2026-01-29, the Fund’s leverage was 64.9% and Debt Focused BDC Group leverage was 50.5%.
Saratoga Inv Corp
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