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Saratoga Investment utilizes the same disciplined investment philosophy as Saratoga Partners. The Company intends to minimize risk by focusing on the following credit characteristics:
- Stable earnings and strong free cash flow;
- Reasonable leverage and debt-to-cash flow multiples;
- Industry leaders with sustainable market share;
- Capital structures that provide appropriate terms and reasonable covenants;
- Experienced Board of Directors that hold meaningful equity positions;
- Industries in which Saratoga Partners has deep investment experience and success
- Strong competitive industry dynamics;
- Diversification with regard to position sizes, industry and geography.
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