Saratoga Investment Corp. Prices Public Offering of Additional $20.08 Million 8.00% Notes Due 2031

NEW YORK, NY, Sept. 23, 2026 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (the “Company”) (NYSE: SAR) today announced that it has priced an underwritten public offering of an additional $20.08 million in aggregate principal amount of 8.00% unsecured notes due 2031 (NYSE: SAX) (the “Notes”). The Company has granted the underwriters an option to purchase up to an additional $3.0 million in aggregate principal amount of Notes.

The Notes will constitute a further issuance of, have the same terms (except the issue date and the offering price) as, rank equally in right of payment with, and be fungible and form a single series with the $85,000,000 and $12,750,000 in aggregate principal amount of the 8.00% unsecured notes due 2031 that the Company initially issued on August 26, 2026 and September 2, 2026 pursuant to the underwriters fully exercising their over-allotment option, respectively. Upon the issuance of the Notes, the outstanding aggregate principal amount of the Company’s 8.00% unsecured notes due 2031 will be $117,830,325, assuming no exercise of the underwriters’ over-allotment option.