Resources

Saratoga Investment Corp. Increases Quarterly Dividend by $0.01, or 1.4%, to $0.73 per Share for the Fiscal Fourth Quarter Ended February 29, 2024

Saratoga Investment Corp. (NYSE:SAR) (“Saratoga Investment” or “the Company”), a business development company, today announced that its Board of Directors has declared a quarterly dividend of $0.73 per share for the fiscal fourth quarter ended February 29, 2024, an increase of $0.01 from $0.72 per share in the prior fiscal third quarter, and the sixteenth quarterly dividend increase in a row. Total dividends for fiscal year 2024 are $2.85 per share, an increase of 16.8% over the prior year. This fourth quarter dividend is payable on March 28, 2024, to all stockholders of record at the close of business on March 13, 2024.

READ MORE

AICA Member Profile: Saratoga Investment Corp

Saratoga Investment Corp. is a New York-based business development company (BDC) that provides debt financing and equity capital to middle market companies. The BDC is listed with the NYSE ticker symbol “SAR” and has been managed since 2010 by Saratoga Investment Advisors, LLC, an affiliate of Saratoga Partners, which was founded almost 40 years ago as a division of the New York investment firm Dillon, Read & Co. Saratoga Partners has been an independent firm since its spinoff from Dillon Read in the 90s.

READ MORE

Mezzanine Debt vs. Senior Debt: The Complete Guide

Navigating the complex landscape of corporate finance demands a keen understanding of the distinct facets presented by mezzanine debt and senior debt. At first glance, these terms might seem interchangeable, but beneath the surface lies a dichotomy that profoundly influences a company's financial trajectory.

READ MORE

What Is A Business Acquisition? Definitions & Examples

In the corporate world, business acquisitions stand as pivotal milestones. While the term "business acquisition" is commonplace, it often conceals the intricate details and strategic significance behind this corporate endeavor.

READ MORE

What Are Baby Bonds? A Comprehensive Guide

In this comprehensive guide, we will walk through the realm of baby bonds, exploring their structure, benefits, and considerations. Get ready to uncover what makes this investment option a top pick among savvy investors.

READ MORE

Saratoga Investment Corp. Announces Fiscal First Quarter 2024 Financial Results

Saratoga Investment Corp. (NYSE:SAR) (“Saratoga Investment” or “the Company”), a business development company (“BDC”), today announced financial results for its 2024 fiscal first quarter, with Net Investment Income (“NII”) per share up 67% and 105% over last quarter and last year’s first quarter, respectively, and adjusted NII per share up 10% and 104%, respectively, over those same periods.

READ MORE

Saratoga Investment Corp. to Report Fiscal First Quarter 2024 Financial Results and Hold Conference Call

Saratoga Investment Corp. (NYSE:SAR), a business development company, will report its financial results for the fiscal quarter ended May 31, 2023, on Monday July 10, 2023, after market close.

READ MORE

What Is Recapitalization? Definitions & Examples

Recapitalization is a powerful financial strategy that can help companies improve their financial performance and reduce their risk all while creating value for their shareholders.

READ MORE

Saratoga Investment Corp. Increases Quarterly Dividend by $0.01, or 1.4%, to $0.70 per Share for the Fiscal First Quarter Ended May 31, 2023

Saratoga Investment Corp. (NYSE:SAR) (“Saratoga Investment” or “the Company”), a business development company, today announced that its Board of Directors has declared a quarterly dividend of $0.70 per share for the fiscal first quarter ended May 31, 2023, an increase of $0.01 from $0.69 per share in the prior fiscal fourth quarter, and the thirteenth quarterly dividend increase in a row. This dividend is payable on June 29, 2023, to all stockholders of record at the close of business on June 13, 2023.

READ MORE

Saratoga Investment Corp. Announces Fiscal Year-End and Fourth Quarter 2023 Financial Results

NEW YORK, May 02, 2023 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE:SAR) (“Saratoga Investment” or “the Company”), a business development company (“BDC”), today announced financial results for its 2023 fiscal year and fourth quarter, with Net Investment Income (“NII”) per share up 69% over both last year and last year’s fourth quarter, and adjusted NII per share notably up 27% and 85%, respectively, over those same periods. This increase in earnings reflects the improving margins, primarily from rising rates on Saratoga Investment’s floating rate assets, which comprise approximately 89% of the Company’s assets under management, and the largely fixed interest rates paid on financing liabilities.

READ MORE

The Complete Guide To Delayed Draw Facilities

This guide will provide a comprehensive overview of delayed draw facilities, including what they are, how they are structured, and the advantages they offer for borrowers.

READ MORE

Saratoga Investment Corp. to Report Fiscal Fourth Quarter and Full Year 2023 Financial Results and Hold Conference Call

Saratoga Investment Corp. (NYSE:SAR), a business development company, will report its financial results for the fiscal quarter and year ended February 28, 2023, on Tuesday May 2, 2023, after market close. A conference call to discuss the financial results will be held on Wednesday May 3, 2023. Details for the conference call are provided below.

READ MORE

Saratoga Investment Corp. Announces Offering of Notes and BBB+ Investment Grade Rating from Egan-Jones Ratings Company

Saratoga Investment Corp. (the “Company”) (NYSE: SAR) announced the commencement of a registered public offering of unsecured notes (the “Notes”). The Company also announced that it has received an investment grade rating of “BBB+” from Egan-Jones Ratings Company, an independent, unaffiliated rating agency.

READ MORE

Investing in SaaS Businesses in 2023: The Complete Guide

n recent years, Software as a Service (SaaS) has emerged as a leading technology sector. The market was recently valued at $251.17 billion last year, but is expected to increase to upwards of $883.34 billion by the end of 2029. This rapid growth indicates the robustness of the SaaS market and demonstrates how quickly SaaS companies are evolving and pushing the boundaries of what's possible in their industry.

READ MORE

Saratoga Investment Corp. Increases Quarterly Dividend by $0.01, or 1.5%, to $0.69 per Share for the Fiscal Fourth Quarter Ended February 28, 2023

NEW YORK, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE:SAR) (“Saratoga Investment” or “the Company”), a business development company, today announced that its Board of Directors has declared a quarterly dividend of $0.69 per share for the fiscal fourth quarter ended February 28, 2023, an increase of $0.01 from $0.68 per share in the prior fiscal third quarter.

READ MORE

How Private Credit Funds Work & Advantages They Provide

In the business world, big dreams and hard work can only get a company so far. Companies, especially smaller and newer businesses, need financial support to successfully execute their growth plans. Yet these promising enterprises rarely obtain capital from traditional banking institutions, which favor established corporations.

READ MORE

Saratoga Investment Corp. Announces Fiscal Third Quarter 2023 Financial Results

Saratoga Investment Corp. (NYSE:SAR) (“Saratoga Investment” or “the Company”), a business development company (“BDC”), today announced financial results for its 2023 fiscal third quarter, with Net Investment Income (“NII”) per share notably up 30% over the prior quarter and up 84% over the year ago quarter, and Adjusted NII per share up 33% and 45%, respectively, over those same periods.

READ MORE

Saratoga Investment Corp. to Report Fiscal Third Quarter 2023 Financial Results and Hold Conference Call

Saratoga Investment Corp. (NYSE:SAR), a business development company, will report its financial results for the fiscal quarter ended November 30, 2022, on January 10, 2023, after market close.

READ MORE

First Lien Loans: What They Are (Plus Examples)

While mega-corporations and big businesses often make the largest splash in the news, in reality, small and medium-sized enterprises (SMEs) contribute significantly to global economies.

READ MORE

Saratoga Investment Corp. Prices Public Offering of $52.5 Million 8.125% Notes Due 2027

NEW YORK, NY (December 5, 2022) – Saratoga Investment Corp. (the “Company”) (NYSE: SAR) today announced that it has priced an underwritten public offering of $52.5 million in aggregate principal amount of 8.125% unsecured notes due 2027 (the “Notes”).

READ MORE

Saratoga Investment Corp. Announces Offering of Notes and BBB+ Investment Grade Rating from Egan-Jones Ratings Company

NEW YORK, NY, Dec. 05, 2022 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (the “Company”) (NYSE: SAR) announced the commencement of a registered public offering of unsecured notes (the “Notes”).

READ MORE

Senior Secured Loans: Everything You Need to Know

Small and medium-sized enterprises, or SMEs, form the foundation of our global economy. They represent 90 percent of all businesses and employ more than 50 percent of the world’s workforce, according to the World Bank.

READ MORE

Everything You Need To Know About Subordinated Debt

Subordinated debt has a variety of implications for growing businesses. Also known as junior debt, it can be used to fund expansions, acquisitions, and other projects like customer outreach and employee recruitment.

READ MORE

Saratoga Investment Corp. Increases Quarterly Dividend by 26%, or $0.14, to $0.68 per Share for the Fiscal Third Quarter Ended November 30, 2022

NEW YORK, Nov. 15, 2022 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE:SAR) (“Saratoga Investment” or “the Company”), a business development company, today announced that its Board of Directors has declared a quarterly dividend of $0.68 per share

READ MORE

Saratoga Investment Corp. Joint Venture Prices $400 million New CLO

NEW YORK, Oct. 03, 2022 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE:SAR) (“Saratoga Investment” or “the Company”), a business development company, today announced that it has priced a $400 million CLO called Saratoga Investment Corp Senior Loan Fund 2022-1 Ltd. (“SLF 2022”) on September 30, 2022.

READ MORE

Saratoga Investment Corp. to Report Fiscal Second Quarter 2023 Financial Results and Hold Conference Call

NEW YORK, Sept. 20, 2022 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE:SAR), a business development company, will report its financial results for the fiscal quarter ended August 31, 2022, on October 4, 2022, after market close.

READ MORE

Saratoga Investment Corp. Increases Quarterly Dividend by $0.01 to $0.54 per Share for the Fiscal Second Quarter Ended August 31, 2022

Press Release: NEW YORK, August 29, 2022 -- Saratoga Investment Corp. (NYSE:SAR) (“Saratoga Investment” or “the Company”), a business development company, today announced that its Board of Directors has declared a quarterly dividend

READ MORE

What Are Delayed Draw Term Loans (DDTL)? The Full Guide

After several slow-paced years, the rate of mergers and acquisitions skyrocketed in 2021. Fighting through a wave of pandemic-related setbacks, business owners saw historic growth and opportunities to expand their operations.

READ MORE

Junior Debt: What It Is, How It Works, Uses & Benefits

Junior debt is an increasingly popular means for small to medium-sized enterprises (SMEs) interested in growth initiatives. Also referred to as subordinated debt, junior debt allows business owners to focus on the future of their companies.

READ MORE

The Complete Guide To Merger Financing In 2022

A robust range of products, services, technology, and expertise make for strong, profitable businesses. Smart business owners know that a merger is one way to diversify a company’s portfolio and explore new territory.

READ MORE

What Is Senior Subordinated Debt & How Can You Use It?

Every business owner understands the importance of growth. Whether expanding a customer base, creating a new product line, acquiring assets, or transitioning to a larger office space, growth allows businesses to flourish.

READ MORE

Podcast: BDCs and middle-market credit can solve rising-rate puzzle

Chris Oberbeck was recently featured on The Navigator Podcast with Chuck Jaffe, listen to the podcast episode here.

READ MORE

Expansion Financing: Everything You Need To Know

Many businesses don’t think about expansion financing until their backs are against the wall, but we think it should be on your radar before things get to that point.

READ MORE

7 Things To Know When Buying Out A Business Partner

Buying out a business partner doesn't have to be awkward or stressful. Read this guide to learn how you can navigate the process with ease.

READ MORE

Partner Buyout Financing: Everything You Need To Know

Securing financing for a partner buyout can seem challenging, especially when you haven't done it before. Click here to learn about all of your options.

READ MORE

Equity Co-Investment: A Primer

Equity co-investments are an interesting option that more and more businesses are considering. Click here to learn all about them.

READ MORE

Second-Lien Loans: Everything You Need To Know

Second lien loans are not well-understood, despite being a powerful option for many businesses. Click here to learn all about them.

READ MORE

SBIC Funds: Benefits, Eligibility & What To Expect

SBIC funds can make a big impact on the overall health and trajectory of your business. Click here to learn about the process and what options you have.

READ MORE

The Definitive Guide To Using Buyout Agreements

If you're planning a buyout, getting a buyout agreement in place is essential. But how do they work exactly? Click here to find out.

READ MORE

Growth Financing: Benefits & Available Options

Many businesses need to seek out growth financing at one point or another. Click here to learn more about it.

READ MORE

Business-To-Business Loans: The Complete Guide

Business to business loans can be an incredibly useful option for a variety of companies. Read this guide to learn more.

READ MORE

Management Buyouts: Examples & Financing Advice

Navigating a management buyout doesn't have to be hard. Click here to learn about them, and how to secure financing.

READ MORE

Leveraged Buyout Financing: Navigating The Process

Leveraged buyout financing is a unique option that many businesses aren't aware of. Click here to learn what makes it so useful.

READ MORE

Everything You Need To Know About Acquisition Financing

Acquisition financing can be an incredibly helpful option for a wide range of businesses. Click here to find out more.

READ MORE

The Ultimate Guide To Alternative Lending In 2022

Alternative lending is a powerful financing option for many businesses. Click here to learn everything you need to know.

READ MORE

Non-Amortizing Loans: Everything You Need To Know

Non-amortizing loans are an option that many businesses overlook. Read this guide to find out why they're so useful.

READ MORE

Types & Sources Of Debt Financing (The Complete List)

There are many different types of debt financing you can consider. Read this article to learn about each one.

READ MORE

Demystifying The Venture Debt Term Sheet

Venture debt term sheets can seem complicated and intimidating. Use this resource to gain a complete understanding and navigate deals with confidence!

READ MORE

Mezzanine Debt & Financing: The Complete Guide

Mezzanine debt and financing is an interesting option for a growing number of businesses. Read this guide to learn why.

READ MORE

9 Alternatives To Venture Capital You Need To Consider

There are a number of interesting alternatives to venture capital that you can use to grow your business. Click here to learn what they are.

READ MORE

Revenue-Based Financing: A Powerful Lending Option

Revenue-based financing is something many businesses are taking advantage of. Read this guide to learn what it is, and why it's so useful.

READ MORE

Venture Debt: Benefits & How To Pick A Lender

Venture debt is an interesting financing option for many companies. Click here to learn what it is, why it's beneficial, and how to choose a lender.

READ MORE

Unitranche Debt: What It Is & How The Loan Process Works

Unitranche debt is an interesting loan structure that offers a handful of unique benefits. Click here to find out what they are.

READ MORE

Non-Dilutive Funding 101 & Why You Should Consider It

Non-dilutive funding is an option that more and more business owners are taking advantage of. Click here to learn what it is, and how it can benefit you.

READ MORE

Private Debt Investing: Benefits & Current Market Conditions

Private debt can be a powerful tool for investors and companies to leverage. Learn about the current market and the advantages this type of investing can bring.

READ MORE

Direct Lending Solutions: Everything You Need To Know

More and more businesses are turning to direct lending solutions as a source of capital. Click here to find out why.

READ MORE

Middle Market Lending: The Complete Guide

If larger, long-established corporations rely on bank loans to fund their growth plans, and startups rely on angel investors and venture capital, what options are available to those businesses in between?

READ MORE

Research/Study/Opinion


Specific Offerings