The Company announced that it has priced an underwritten public offering of $85,000,000 in aggregate principal amount of 8.00% unsecured notes due 2031 (the “Notes”). The offering is expected to close on August 26, 2026, subject to customary closing conditions.
The Notes will mature on August 31, 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 August 26, 2028. The Notes will bear interest at a rate of 8.00% per year payable quarterly on February 28, May 31, August 31, and November 30 of each year, beginning November 30, 2026.
The Company has granted the underwriters an option to purchase up to an additional $12,750,000 in aggregate principal amount of Notes. The Notes are expected to be listed on the New York Stock Exchange and to trade thereon within 30 days of the original issue date under the trading symbol “SAX”.
The Company has received an investment grade private rating of “BBB” from Egan-Jones Ratings Company, an independent, unaffiliated rating agency. As of 2026-08-18, the Fund’s leverage was 65.0% and Debt Focused BDC Group leverage was 51.9%.
