SARATOGA INVESTMENT CORP.

# Saratoga Investment Corp.

Saratoga Investment Corp. is a closed-end management investment company incorporated in Maryland and listed on the New York Stock Exchange. The firm operates as a business development company (BDC) that provides financing solutions to middle-market companies. Its primary focus is originating, structuring, and investing in secured debt and related instruments for companies with enterprise values typically between $100 million and $2.5 billion.

The company's portfolio consists primarily of senior secured loans, unitranche debt, and subordinated securities provided to lower middle-market and middle-market enterprises across various industries. Saratoga targets businesses in sectors including business services, specialty manufacturing, healthcare, software and information technology, and consumer products. The firm generates revenue primarily through interest income on its debt investments and fees associated with loan origination and management.

As a publicly traded BDC, Saratoga operates under a closed-end fund structure, raising capital through public offerings and maintaining a diversified loan portfolio managed by its investment adviser. The company's operations span transactions across North America, with deal sourcing and portfolio management conducted from its offices.