Saratoga Investment prices additional USD 20.08 million offering of 8% unsecured notes due 2031
Bitget2026/09/23 20:06- Saratoga Investment priced an underwritten public offering of USD 20.08 million 8.00% unsecured notes due 2031.
- Deal adds to the existing 8.00% unsecured notes due 2031 series, lifting outstanding principal to USD 117.83 million.
- Underwriters hold an option to buy up to an additional USD 3 million of the notes.
- Net proceeds earmarked to repay part of debt under an SPV financing credit facility with Valley National Bank.
- Offering expected to close Sept. 24.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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