SARATOGA INVESTMENT CORP.

(SAR)
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Delayed Nyse  -  04:00 2022-08-12 pm EDT
25.06 USD   +1.99%
07/08Oppenheimer Trims Price Target for Saratoga Investment Corp to $29 From $31, Maintains Outperform Rating
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07/08Raymond James Adjusts Saratoga Investment Corp's Price Target to $28.50 From $31, Maintains Outperform Rating
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07/07SECTOR UPDATE : Financial Stocks Carried Higher in Rising Afternoon Market
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SARATOGA INVESTMENT CORP. : Other Events, Financial Statements and Exhibits (form 8-K)

06/14/2022 | 04:23pm EDT

Item 8.01 Other Events.

On June 14, 2022, Saratoga Investment Corp. (the "Company") caused notices to be issued to the holders of its 7.25% Notes due 2025 (CUSIP No. 80349A 604) (the "Notes") regarding the Company's exercise of its option to redeem, in whole, the issued and outstanding Notes, pursuant to Section 1104 of the Indenture dated as of May 10, 2013, between the Company and U.S. Bank Trust Company, National Association (as successor in interest for U.S. Bank National Association), as trustee, and Section 1.01(h) of the Fourth Supplemental Indenture dated as of June 24, 2020. The Company will redeem $43,125,000 in aggregate principal amount of the issued and outstanding Notes on July 14, 2022 (the "Redemption Date"). The Notes will be redeemed at 100% of their principal amount ($25 per Note), plus the accrued and unpaid interest thereon, through, but excluding, the Redemption Date. A copy of the notice of redemption is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.



(d) Exhibits



Exhibit No.   Description
   99.1         Notice of Redemption of 7.25% Notes due 2025




                                       1

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All news about SARATOGA INVESTMENT CORP.
07/08Oppenheimer Trims Price Target for Saratoga Investment Corp to $29 From $31, Maintains ..
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07/08Raymond James Adjusts Saratoga Investment Corp's Price Target to $28.50 From $31, Maint..
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Financials (USD)
Sales 2023 80,8 M - -
Net income 2023 15,7 M - -
Net Debt 2023 - - -
P/E ratio 2023 19,3x
Yield 2023 8,46%
Capitalization 299 M 299 M -
Capi. / Sales 2023 3,70x
Capi. / Sales 2024 3,39x
Nbr of Employees -
Free-Float 71,8%
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Number of Analysts 6
Last Close Price 25,06 $
Average target price 28,67 $
Spread / Average Target 14,4%
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Managers and Directors
Chris Long Oberbeck Chairman & Chief Executive Officer
Henri Johann Steenkamp CFO, Secretary, Treasurer & Director
Rochelle Kracoff Assistant Chief Compliance Officer
Mike Grisius Chief Investment Officer
Steven M. Looney Independent Director
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