Saratoga Investment Corp. Launches Registered Offering of Unsecured Notes with BBB+ Rating
Saratoga Investment Corp. announced a registered public offering of unsecured notes, which received a "BBB+" investment grade rating from Egan-Jones Ratings Company. The notes are expected to be listed on the NYSE under the symbol "SAV" and the proceeds will be used to redeem existing 4.375% Notes due 2026. Multiple investment banks are involved in the offering for the company, which specializes in providing customized financing solutions to middle-market businesses.