Brief: Saratoga Investment Corp Resets Its Existing CLO Upsized To $500 Mln

Saratoga Investment

04/12/2018 13:59

Dec 4 (Reuters) - Saratoga Investment Corp  SAR.N :
    * SARATOGA INVESTMENT CORP. RESETS ITS EXISTING CLO UPSIZED
TO
$500 MILLION
    * SARATOGA INVESTMENT CORP - ANNOUNCED PRICING OF ITS RESET
OF
EXISTING SARATOGA INVESTMENT CORP. CLO 2013-1, LTD.
    * SARATOGA INVESTMENT - IN ADDITION & AS PART OF RESET,
SARATOGA
CLO HAS ALSO BEEN UPSIZED TO ABOUT $500 MILLION FROM ITS PRIOR
$300 MILLION IN ASSETS
    * SARATOGA INVESTMENT - NON-CALL PERIOD EXPIRES ON JAN 20,
2020,
REINVESTMENT PERIOD EXPIRES ON JAN 20, 2021, AND LEGAL FINAL
DATE IS JAN 20, 2030
    * SARATOGA INVESTMENT CORP - SARATOGA INVESTMENT WILL OWN
100% OF
F-R-2, G-R-2 & SUBORDINATED NOTES ON CLOSING DATE

Source text for Eikon:  ID:nGNXbKr0Ql 
Further company coverage:  SAR.N 

 ((Reuters.Briefs@thomsonreuters.com;))