SAT News and Press, Saratoga Investment Corp 6.00% Notes due 2027 From 07/02/23

2023-07-02 12:04:40 ET Summary Saratoga Investment Corporation is a Business Development Corporation paying a 9.7% yield. This is set to increase to 10.4% on a forward basis. The company has a quality capital structure, holding fixed-rate debt with maturities of 2–10 years ...

2023-07-01 21:18:47 ET Summary We take a look at the action in business development companies through the fourth week of June and highlight some of the key themes we are watching. BDCs reversed their rally as broader markets cooled from the recent strong run. BDCs have been is...

2023-06-15 11:16:54 ET Summary Baby bonds remain attractive options in income portfolios. We take a look at the investment case and highlight a pitfall in calculating baby bond yields. We close with a number of ideas. This article was first released to Systematic Incom...

2023-05-03 16:56:02 ET Saratoga Investment Corp (SAR) Q4 2023 Earnings Conference Call May 3, 2023 12:00 p.m. ET Company Participants Christian Oberbeck - Chairman, Chief Executive Officer Henri Steenkamp - Chief Financial and Compliance Officer Michael Grisius -...

2023-04-30 23:55:46 ET Summary We take a look at the action in preferreds and baby bonds through the third week of April and highlight some of the key themes we are watching. Preferreds had another decent week as credit spreads continued to tighten. Sector yield remains attractive...

2023-04-28 04:49:11 ET Summary Tightening financial conditions have drastically reduced preferred stock / ETD offering activity, with not a single new preferred stock offered during the month of April, and just one ETD. Externally managed Business Development Company Saratoga Inve...

2023-04-25 03:59:08 ET Summary About six months ago, we highlighted that the margin of safety across a broad array of income assets looked very attractive in historic terms. Since then, the income sector has performed well, prompting us to update the analysis. We find the curr...

2023-03-25 09:09:26 ET Summary Ares Capital is an attractive 11.2% yield BDC but currently faces market-cycle risks, including fallout from the recent Silicon Valley Bank failure. We review Ares (including its industry exposures and risks) and then compare it to 40 other BDCs, inc...

Summary We take a look at the action in business development companies through the third week of February and highlight some of the key themes we are watching. BDCs had a strong week, bouncing back due to continuing strong earnings. We take a look at some of the reasons internally-m...

Summary BDCs have staged an impressive rally over the past couple of months, erasing nearly all of the 2022 drawdown. With a lower margin of safety, it can make sense to rotate some of the capital to BDC baby bonds such as the Saratoga Investment SAY bonds. This is especially the ca...