The expanded facility provides Saratoga with greater financial flexibility to originate new loans and manage its portfolio. Monitor upcoming quarterly filings for evidence of increased investment activity and portfolio growth funded by the larger credit line.
Price Chart
Executive Summary
Saratoga Investment Corp. amended its Valley Credit Facility on October 8, 2026, increasing the borrowing capacity from $85.0 million to $110.0 million and raising the potential future commitment increase cap from $100.0 million to $135.0 million. The amendment also relaxed concentration limits for healthcare and top-three obligors, tightened the advance rate on Unitranche Loans to 70%, and updated the Key Person definition. This is a credit-positive operational event for the issuer, expanding its financing capacity on improved terms.
Key Financial Metrics
Key Facts
- Valley Credit Facility borrowing capacity increased from $85.0 million to $110.0 million.
- Maximum potential future commitment increase raised from $100.0 million to $135.0 million.
- Advance Rate on Unitranche Loans capped at 70%.
- Healthcare industry concentration limit raised from 25.0% to 35.0% of Aggregate ECA Value.
- Top three obligor concentration limit raised from 30.0% to 35.0% of Aggregate ECA Value.
- Key Person definition amended to replace Henri Steenkamp with Christine Ramdihal.
Financial Impact
Borrowing capacity increased by $25.0 million (from $85.0M to $110.0M), with a potential future increase up to $135.0M.
Risk Factors
- Increased leverage from drawing on the larger facility could amplify downside risk if portfolio credit quality deteriorates.
- Relaxed concentration limits (healthcare, top obligors) may increase portfolio risk if those sectors or names underperform.
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-108523 |
| Document: ea0308242-8k_saratoga.htm | 0001213900-26-108523 |
| Document: 0001213900-26-108523-index-headers.html | 0001213900-26-108523 |
| Document: 0001213900-26-108523-index.html | 0001213900-26-108523 |
| Document: 0001213900-26-108523.txt | 0001213900-26-108523 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 13, 2026 13d ago | Insider Buy | $15.07 $14.92 | ▼ −1.00% | ▲ +0.09% | $13.34 (−11.47%) |
Oct 9, 2026 16d ago | 8-K | $14.93 $15.07 | ▲ +0.94% | ▲ +0.95% | $13.34 (−10.64%) |
Oct 6, 2026 19d ago | 8-K | $14.91 $14.97 | ▼ −0.40% | ▼ −0.83% | $13.34 (+10.52%) |
Sep 23, 2026 4w ago | Press Release | $17.33 $17.11 | ▲ +1.27% | ▲ +1.81% | $13.34 (+23.02%) |
Sep 22, 2026 4w ago | Press Release | $17.46 $17.33 | ▼ −0.74% | ▼ −0.66% | $13.34 (−23.59%) |
Sep 18, 2026 5w ago | Press Release | $17.57 $17.75 | ▲ +1.02% | ▲ +1.04% | $13.34 (−24.07%) |
Sep 18, 2026 5w ago | 25-NSE | $17.64 $17.57 | ▼ −0.40% | ▼ −1.95% | $13.34 (−24.37%) |
Sep 17, 2026 5w ago | Press Release | $17.86 | awaiting T+1 | — | $13.34 (−25.30%) |
Aug 26, 2026 8w ago | 8-K | $18.42 $18.33 | ▼ −0.49% | ▼ −1.14% | $13.34 (−27.57%) |
Aug 19, 2026 9w ago | 8-K | $18.72 $18.43 | ▼ −1.55% | ▼ −1.96% | $13.34 (−28.74%) |
US Market Status
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