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Saratoga Investment ( (SAR) ) has issued an update.
On January 23, 2026, Saratoga Investment Corp. entered into a Registration Rights Agreement tied to its issuance and sale of 7.25% Senior Unsecured Notes due May 1, 2030, committing to register an exchange offer for substantially identical registered debt within 365 days of the notes’ initial issuance or pay additional interest if it fails to meet these obligations. The same day, the company executed a Note Purchase Agreement for a $50 million private placement of the notes at 99.117% of par, yielding net proceeds of about $48.5 million after fees, with the notes maturing in 2030, redeemable at par plus a make-whole premium before January 23, 2028 and at par thereafter, ranking pari passu with other unsecured unsubordinated debt, and with proceeds earmarked to redeem its outstanding 4.375% Notes due 2026 and for general corporate purposes.
The most recent analyst rating on (SAR) stock is a Buy 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 held back primarily by balance-sheet/leverage risk and low confidence from TTM inconsistencies (including negative equity), despite a strong FY2025 rebound. Offsetting factors include attractive valuation (low P/E and high dividend yield), a moderately positive technical backdrop, and an earnings call that points to strong liquidity and credit quality but ongoing near-term earnings pressure and a pending 2026 maturity.
To see Spark’s full report on SAR stock, click here.
More about Saratoga Investment
Saratoga Investment Corp. is a specialty finance company that issues debt securities to institutional investors, focusing on unsecured notes as part of its capital-raising strategy in the U.S. credit markets.
Average Trading Volume: 101,047
Technical Sentiment Signal: Strong Buy
Learn more about SAR stock on TipRanks’ Stock Analysis page.