Saratoga Invesment's 7.5% notes admitted to begin trading on NYSE

By Tali David

Minneapolis, May 15 - Saratoga Investment Corp.'s 7.5% notes due 2020 have been admitted to trading on the New York Stock Exchange, according to a notice.

The notes trade under the symbol "SAQ."

The company priced $42 million of the $25-par notes on May 3.

As previously reported, Ladenburg Thalmann & Co. Inc., BB&T Capital Markets and William Blair & Co. are the joint bookrunning managers.

The New York-based specialty finance company intends to use the proceeds to repay a senior secured revolving credit facility and to make investments in middle market companies.

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