Saratoga Investment Completes $100 Million Unsecured Notes Offering

Saratoga Investment ( (SAR) ) just unveiled an announcement.

On February 6, 2026, Saratoga Investment Corp. closed a $100 million public offering of 7.50% unsecured notes due 2031, issued under a supplemental indenture with U.S. Bank Trust Company as trustee. The notes, which pay interest quarterly beginning May 31, 2026 and are callable at par on or after February 6, 2028, generated net proceeds of about $96.4 million that the company plans to use, together with available cash, to repay its 4.375% notes maturing on February 28, 2026; the new debt ranks pari passu with other unsecured, unsubordinated obligations and is subject to leverage and reporting covenants tied to the Investment Company Act, shaping the firm’s capital structure and creditor protections.

The most recent analyst rating on (SAR) stock is a Hold with a $26.00 price target. To see the full list of analyst forecasts on Saratoga Investment stock, see the SAR Stock Forecast page.

Spark’s Take on SAR Stock

According to Spark, TipRanks’ AI Analyst, SAR is a Neutral.

The score is driven primarily by improved profitability and cash flow in FY2025 but held back by leverage concerns and TTM balance-sheet/margin inconsistencies. Valuation is supportive (low P/E and very high yield) and technicals show a clear uptrend. Earnings call commentary was mixed—strong liquidity and credit quality, but notable YoY NII pressure and an upcoming maturity—while recent financing events modestly de-risk near-term funding.

To see Spark’s full report on SAR stock, click here.

More about Saratoga Investment

Average Trading Volume: 109,595

Technical Sentiment Signal: Strong Buy

For a thorough assessment of SAR stock, go to TipRanks’ Stock Analysis page.