Saratoga Investment Corp. is a business development company that provides customized debt and equity financing to middle-market U.S. businesses, typically with annual EBITDA between $2 million and $50 million. The company's portfolio comprises primarily senior and first lien leveraged loans alongside subordinated debt, equity investments, and opportunistic structured finance positions, which are sourced through direct lending relationships and loan syndicate participation with banks and financial sponsors. The company generates revenue through interest income from debt investments, dividend and advisory fee income from equity stakes, and capital appreciation on portfolio exits, while financing its own investments through debt and equity capital and paying quarterly distributions from available earnings to comply with regulated investment company requirements.
| USD millions | FY2026 |
|---|---|
| Net Income | 37 |