Saratoga to redeem $43.13 million 7.25% notes due 2025

By William Gullotti

Buffalo, N.Y., June 14 – Saratoga Investment Corp. issued redemption notices to holders of the remaining $43,125,000 of its 7.25% notes due 2025 (Cusip: 80349A604), according to an 8-K filing with the Securities and Exchange Commission.

The notes will be redeemed on July 14 at par of $25 plus approximately $0.22 of accrued and unpaid interest per note as calculated to, but excluding, the redemption date.

The total of interest payable will be approximately $373,451.52.

The notes were issued May 10, 2013.

Saratoga is a Florham Park, N.J.-based middle market investment company.

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