Saratoga Investment Corp. Resets its Existing CLO Upsized to $600 million
The transaction is structured as follows:
|Class||Par Amount|| Expected Ratings
The non-call period expires on February 26, 2022, the reinvestment period expires on April 22, 2024, and the legal final date is April 20, 2033.
The anticipated closing date is February 26, 2021.
Saratoga Investment will own 100% of the F-R-3 and Subordinated Notes on the closing date.
The Notes have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
Saratoga Investment is a specialty finance company that provides customized financing solutions to
Forward Looking Statements
This press release contains certain forward-looking statements. These forward-looking statements are subject to risks and uncertainties and other factors enumerated in this press release and the filings Saratoga Investment makes with the SEC. Saratoga Investment undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact: Henri Steenkamp
Source: Saratoga Investment Corp