Saratoga Investment Corporation has secured a new $85 million senior secured revolving credit facility with Valley National Bank as the sole lead arranger and administrative agent, along with three additional participating banks. This new Valley Facility replaces the company's existing $65 million credit facility with Encina Lender Finance, LLC, and extends the maturity by two years to 2028. The applicable margin under the new agreement has been reduced to 2.85% per annum with no SOFR adjustment, down from the previous all-in rate of 4.35%. The facility also expands the types of eligible assets for borrowing, providing Saratoga with increased financing flexibility and an additional $20 million in borrowing capacity. Approximately $32.5 million will be drawn at closing, with the remaining $52.5 million available for future funding.