Saratoga Investment Secures $85 Million Credit Facility With Valley National Bank

Reuters11-07

<a href="https://laohu8.com/S/SAZ">Saratoga Investment</a> Secures $85 Million Credit Facility With Valley National Bank

Saratoga Investment Corporation has secured a new $85 million senior secured revolving credit facility with Valley National Bank as the sole lead arranger and administrative agent, along with three additional participating banks. This new Valley Facility replaces the company's existing $65 million credit facility with Encina Lender Finance, LLC, and extends the maturity by two years to 2028. The applicable margin under the new agreement has been reduced to 2.85% per annum with no SOFR adjustment, down from the previous all-in rate of 4.35%. The facility also expands the types of eligible assets for borrowing, providing Saratoga with increased financing flexibility and an additional $20 million in borrowing capacity. Approximately $32.5 million will be drawn at closing, with the remaining $52.5 million available for future funding.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Saratoga Investment Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9571005-en) on November 06, 2025, and is solely responsible for the information contained therein.

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