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0.00286532951289399 0.00491199345067544 0.00409332787556289 0.00409332787556289 0.00695865738845689 0.00557920589439223 0.00613999181334434 0.00327466230045034
Stock impact report

Saratoga Investment Corp. Receives Approval of Second SBIC License Providing Up to $175 Million of Additional Growth Capital

Saratoga Investment Corp New (SAR) 
Last saratoga investment corp new earnings: 1/8 04:05 pm Check Earnings Report
US:NYSE Investor Relations: ir.saratogainvestmentcorp.com
Company Research Source: GlobeNewswire
NEW YORK, Aug. 21, 2019 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE:SAR) (“Saratoga Investment” or “the Company”), a business development company, today announced that it has received notification from the Small Business Administration (“SBA”) that the Company’s application for a second Small Business Investment Company (“SBIC”) license has been approved.  The new license will provide up to $175 million in additional long-term capital in the form of SBA debentures. As a result of the 2016 omnibus spending bill signed into law in December 2015, the maximum amount of SBA-guaranteed debentures that affiliated SBIC funds can have outstanding was increased from $225 million to $350 million. With this license approval, Saratoga will grow its SBA relationship from $150 million to $325 million of committed capital. “We are excited to grow our relationship with the SBA through a second SBIC license,” said Christian L. Oberbeck, Chairman and Chief Executive Officer of Sa Show less Read more
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