Filing by Certain Investment Companies of Rule 482 Advertising in Accordance With Rule 497 and the Note to Rule 482(e) (497ad)
June 17 2020 - 7:03AM
Edgar (US Regulatory)
Filed Pursuant to 497(a)
File No. 333-227116
Rule 482ad
Saratoga Investment Corp. Announces Offering of Notes Due 2025
and BBB Investment Grade Rating from Egan-Jones Ratings Company
NEW YORK, NY, June 17, 2020 (GLOBE NEWSWIRE) -- Saratoga Investment
Corp. (the “Company”) (NYSE: SAR) announced the commencement of a registered public offering of Notes due 2025 (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.
Egan-Jones is a Nationally Recognized Statistical Rating Organization
(NRSRO) and is recognized by the National Association of Insurance Commissioners (NAIC) as a Credit Rating Provider (CRP). Egan-Jones
is also certified by the European Securities and Markets Authority (ESMA).
The Notes are expected to be listed on the New York Stock Exchange
and to trade thereon within 30 days of the original issue date under the trading symbol “SAC”.
Ladenburg Thalmann & Co. Inc., Janney Montgomery Scott
LLC, BB&T Capital Markets, a division of BB&T Securities, LLC, B. Riley FBR, Inc. and Compass Point Research & Trading,
LLC, are serving as joint book-running managers for the offering. Incapital LLC, National Securities Corporation,
a wholly owned subsidiary of National Holdings Corporation (Nasdaq: NHLD) and Maxim Group LLC are serving as lead managers for
the offering. Investors are advised to consider carefully the investment objective, risks and charges and expenses of the Company
before investing.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy, nor will there be any sale of, the Notes referred to in this press release in any state or jurisdiction
in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws
of such state or jurisdiction. A registration statement relating to the Notes was filed and has been declared effective by the
Securities and Exchange Commission.
This offering is being made solely by means of a written prospectus
forming part of the effective registration statement and a related preliminary prospectus supplement, which may be obtained from
of any of the following investment banks: Ladenburg Thalmann, Attn: Syndicate Department, 277 Park Avenue, 26th Floor,
New York, NY 10172, or by e-mailing prospectus@ladenburg.com (telephone number 1-800-573-2541); Janney Montgomery Scott LLC, 1717
Arch Street, Philadelphia, PA 19103, or by e-mailing prospectus@janney.com (or calling 215-665-4450); BB&T Capital Markets,
a division of BB&T Securities, LLC, at 901 East Byrd Street, 3rd Floor, Richmond, VA 23219 Attn: Syndicate Dept. or by e-mailing
prospectusrequests@bbandtcm.com; or B. Riley FBR, Inc., Attn: Prospectus Department, 1300 17th Street North, Suite 1300, Arlington,
VA 22209 or by e-mailing prospectuses@brileyfbr.com (or by calling (800) 846-5050). The preliminary prospectus supplement
dated June 11, 2020, and the accompanying prospectus dated June 28, 2019, each of which has been filed with the Securities and
Exchange Commission, contains a description of these matters and other important information about the Company and should be read
carefully before investing.
About Saratoga Investment Corp.
Saratoga Investment Corp. is a specialty finance company that
provides customized financing solutions to U.S. middle-market businesses. The Company invests primarily in senior and unitranche
leveraged loans and mezzanine debt, and, to a lesser extent, equity to provide financing for change of ownership transactions,
strategic acquisitions, recapitalizations and growth initiatives in partnership with business owners, management teams and financial
sponsors. Saratoga Investment Corp.’s objective is to create attractive risk-adjusted returns by generating current
income and long-term capital appreciation from its debt and equity investments. Saratoga Investment Corp. has elected to
be regulated as a business development company under the Investment Company Act of 1940 and is externally-managed by Saratoga Investment
Advisors, LLC, an SEC-registered investment advisor focusing on credit-driven strategies. Saratoga Investment Corp. owns
two SBIC-licensed subsidiaries and manages a $500 million collateralized loan obligation (“CLO”) fund. It also
owns 100% of the Class F-R-2, G-R-2 and subordinated notes of the CLO. The Company’s diverse funding sources, combined
with a permanent capital base, enable Saratoga Investment Corp. to provide a broad range of financing solutions.
Forward Looking Statements
Statements included herein contain certain “forward-looking
statements” which relate to future events or our future performance or financial condition. Forward-looking statements can
be identified by the use of forward looking words such as “outlook,” “believes,” “expects,”
“potential,” “continues,” “may,” “will,” “should,” “seeks,”
“approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates”
or negative versions of those words, other comparable words or other statements that do not relate to historical or factual matters.
The forward-looking statements are based on our beliefs, assumptions and expectations of our future performance, taking into account
all information currently available to us. These statements are not guarantees of future performance, condition or results and
involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements
as a result of a number of factors, including but not limited to the impact of the COVID-19 pandemic and the pandemic's impact
on the U.S. and global economy, as well as those described from time to time in our filings with the Securities and Exchange Commission.
Any forward-looking statement speaks only as of the date on which it is made. Saratoga Investment Corp. undertakes no duty to
update any forward-looking statements made herein, whether as a result of new information, future developments or otherwise, except
as required by law.
Contact: Henri Steenkamp
Saratoga Investment Corp.
212-906-7800
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