Saratoga Investment announces 1M share common stock offering
Saratoga Investment Corp. announced the commencement of a public offering of 1M shares of common stock. The company intends to use substantially all of the net proceeds of this public offering to make investments in middle-market companies in accordance with its investment objective and strategies and for general corporate purposes. The company may also use a portion of the net proceeds to reduce its outstanding borrowings. Ladenburg Thalmann & Co., a subsidiary of Ladenburg Thalmann Financial Services, is acting as the lead book-running manager, and BB&T Capital Markets, a division of BB&T Securities, B. Riley FBR, Compass Point and Janney Montgomery Scott are acting as joint book-running managers for the offering.