Saratoga Investment to redeem 6.25% notes due 2025 via add-on

By Wendy Van Sickle

Columbus, Ohio, July 20 – Saratoga Investment Corp. is planning to redeem all of its outstanding 6.25% fixed-rate notes due 2025 with some proceeds of a $125 million add-on to its 4.375% notes due Feb. 28, 2026, according to a filing with the Securities and Exchange Commission.

Additional proceeds will be used to repay the outstanding debt under the company’s senior secured revolving credit facility, to make investments in middle-market companies and for general corporate purposes.

The mid-market debt investment company is based in New York.

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