Saratoga Investment Corp. (NYSE: SAR) announced a registered public offering of additional 8.00% Notes due 2031, listed on the New York Stock Exchange under the ticker symbol "SAX."

The new notes will form a single series with the $85 million and $12.75 million in aggregate principal amount of 8.00% Notes due 2031 that the company initially issued on Aug. 26, 2026, and Sept. 2, 2026, respectively. The notes carry the same terms as the previously issued series, except for the issue date and offering price.

Lucid Capital Markets, LLC and Oppenheimer & Co. Inc. are serving as joint book-running managers for the offering.

According to the press release, the company intends to use net proceeds to repay a portion of outstanding indebtedness under its special purpose vehicle financing credit facility with Valley National Bank, or to redeem its outstanding 8.00% Notes due 2027, depending on the amount of proceeds raised.

A registration statement relating to the notes was filed with and declared effective by the Securities and Exchange Commission. The preliminary prospectus supplement is dated Sept. 22, 2026.