Saratoga Investment Corp. Announces New $85 Million Credit Facility with Valley National Bank

To Replace Existing $65 Million Encina Credit Facility at Lower Spreads

NEW YORK, NY, Nov. 06, 2025 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE: SAR) (“Saratoga Investment” or the “Company”), a business development company (“BDC”), today announced that it has entered into a new $85 million senior secured revolving credit facility (the “Valley Facility”) with Valley National Bank as SOLE LEAD ARRANGER AND ADMINISTRATIVE AGENT, together with three additional participating banks. The Valley Facility replaces the Company’s existing $65 million senior secured revolving credit facility with Encina Lender Finance, LLC (the “Encina Facility”), previously scheduled to mature in January 2026.

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