Saratoga Investment Corp.: amends Valley credit facility to $110,000,000

What happened Saratoga Investment Corp. reported that on Oct 8, 2026 it entered into the First Amendment to the Credit and Security Agreement for its Valley Credit Facility. The amendment was made by and among Saratoga Investment Funding II LLC, as borrower, Saratoga Investment Corp., as collateral manager and equityholder, the lenders party thereto, Valley National Bank, as administrative agent, and U.S. Bank Trust Company, National Association, as collateral agent and collateral administrator.

Key details

• Borrowings available under the Valley Credit Facility increased from $85,000,000 to $110,000,000.
• During the first two years following the closing date, SIF II may request one or more increases in the commitment amount from $100,000,000 to $135,000,000, subject to certain terms and a customary fee.
• The Advance Rate for Unitranche Loans will not exceed 70%.
• Concentration limits were changed: healthcare exposure increased from 25% to 35% of Aggregate ECA Value; exposure to the three largest obligors increased from 30% to 35% of Aggregate ECA Value. The amendment also replaces Henri Steenkamp with Christine Ramdihal in the definition of "Key Person."

Why it may matter The filing reports Item 1.01 (entry into a material definitive agreement) describing the First Amendment to the Credit Agreement and Item 2.03 (creation of a direct financial obligation) reflecting the amended borrowing capacity under the Valley Credit Facility. A filing does not show why the insider traded or why the company acted.