BB&T Capital Markets serves as a Joint-Bookrunner on Saratoga Investment Corporation’s Unsecured Notes Offering
On February 5th, 2019, BB&T Capital Markets served as a joint-bookrunner for Saratoga Investment Corporation’s issuance of $17.5 million additional unsecured notes due 2025 (NYSE: SAF).
The Company intends to use the net proceeds from this transaction to make investments in accordance with its investment strategies and objective, and for general corporate purposes.
About the Companies
Saratoga Investment Corporation (NYSE: SAR) invests primarily in senior and unitranche leveraged loans and mezzanine debt of private U.S. middle market companies, with EBITDA between $2 million-$50 million. The New York based Company owns an SBIC-licensed subsidiary, and manages a $500million Collateralized Loan Obligation (CLO) fund.
BB&T Capital Markets Financial Services Group has extensive experience providing community banks and thrifts, business development companies, and other specialty finance companies with a full range of public and private capital raising solutions, M&A advisory, fairness opinions and other strategic advisory services.
About BB&T Capital Markets
BB&T Capital Markets offers an integrated platform of equity and debt underwriting, M&A advisory, corporate banking, and sales and trading. Headquartered in Richmond, VA, with offices throughout the US, we have specific expertise within 10 distinct industry verticals including Automotive Aftermarket; Commercial & Industrial; Education; Energy; Financial Services; Food & Agribusiness; Healthcare; Logistics & Transportation Services; Real Estate; and Retail & Consumer. Our commitment to industry expertise, combined with our resources as one of the nation's strongest financial institutions, strategically positions BB&T Capital Markets to build lasting relationships and contribute measurably to the long-term success of our clients.