Saratoga Investment Corp. Secures $85M Credit Facility with Valley National Bank, Replacing Existing Encina Facility

Saratoga Investment Corp. has entered into a new $85 million senior secured revolving credit facility with Valley National Bank, replacing its existing $65 million facility with Encina Lender Finance. The new facility increases borrowing capacity by $20 million, extends maturity by two years to 2028, and reduces the applicable margin by approximately 150 bps. The Valley Facility also expands eligible assets for the borrowing base calculation, providing enhanced flexibility in financing Saratoga's diversified investment portfolio.