SARATOGA INVESTMENT CORP.Underwriting Agreement • August 28th, 2018 • Saratoga Investment Corp. • New York
Saratoga Investment Corp., a corporation incorporated under the laws of the State of Maryland (the “Fund”), is a non-diversified closed-end management investment company that has elected to be treated as a business development company under the Investment Company Act of 1940, as amended (the “Investment Company Act”). The Fund proposes to issue and sell to the several Underwriters named in Schedule I hereto (the “Underwriters”) $35 million total aggregate principal amount of its 6.25% Senior Notes due 2025 (the “Notes”). The Securities will be issued under the indenture dated as of May 10, 2013 between the Fund and U.S. Bank National Association, as trustee (the “Trustee”), as amended and supplemented by that certain Supplemental Indenture to be dated as of August 28, 2018 (such indenture, as so amended and supplemented, the “Indenture”). The Fund also proposes to sell to the several Underwriters up to an additional $5 million total aggregate principal amount of Notes (the “Additional
