# SARATOGA INVESTMENT CORP. (SAZ) — capital_raise/public_offering [pending]
Source: sec.gov · situation sit_11cb57aad59514a32c66 · public 1199519729948767888 · retrieved 2026-08-20T12:57:09.314Z

## Overview
Saratoga Investment Corp. is a non-diversified closed-end management investment company that has elected to be treated as a business development company under the Investment Company Act of 1940.

Saratoga Investment Corp. entered into an underwriting agreement on August 18, 2026 with Lucid Capital Markets, LLC (as representative) and other underwriters to issue and sell $85,000,000 in aggregate principal amount of 8.00% Notes due 2031. The underwriters have an option to purchase up to an additional $12,750,000 in aggregate principal amount of Notes within 30 days of the final prospectus supplement dated August 18, 2026. The Notes are expected to be listed on the New York Stock Exchange under the trading symbol "SAX" within 30 days of the original issue date. The closing of the offering is expected to occur on August 26, 2026, subject to customary closing conditions.

## Terms
- Counterparty: Lucid Capital Markets, LLC (as representative of the several underwriters) · Deal value: $85.0M · Consideration: cash

## Key dates
- Announced 2026-08-19 · Expected close 2026-08-26

## Timeline
- 2026-08-19 · 8-K (0001213900-26-091736): 8-K - SARATOGA INVESTMENT CORP. — *Saratoga Investment Corp. is a non-diversified closed-end management investment company that has elected to be treated as a business development company under the Investment Company Act of 1940.* Saratoga Investment Corp. entered into an underwriting agreement on August 18, 2026 with Lucid Capital Markets, LLC (as representative) and other underwriters to issue and sell $85,000,000 in aggregate principal amount of 8.00% Notes due 2031. The underwriters have an option to purchase up to an additional $12,750,000 in aggregate principal amount of Notes within 30 days of the final prospectus supplement dated August 18, 2026. The Notes are expected to be listed on the New York Stock Exchange under the trading symbol "SAX" within 30 days of the original issue date. The closing of the offering is expected to occur on August 26, 2026, subject to customary closing conditions.
  https://www.sec.gov/Archives/edgar/data/1377936/0001213900-26-091736.txt

## Citations
- 0001213900-26-091736 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026091736