Partnering With Us

For Debt Capital Providers
Saratoga has been working with its network of senior and junior capital providers to explore collaborative ways to solve some of the challenges they face in their existing loan portfolios.  Through partnering to analyze difficult situations in a portfolio, we can work to improve investment outcomes by providing new capital and direction.  This approach can lead to a wide variety of transaction types, from structured, preferred equity investments to working with management to sponsor plans for reorganizations, both in or – preferably – out of court.  For our financial partners, there are some strong associated benefits to this approach:

• Better recoveries on existing positions: Through a new equity investment, we can help realign balance sheets and reposition fundamentally sound companies to address their business plans.  In the case of our Advanced Lighting investment, the existing debt was reinstated at par.
  
  
• Opportunities for new and co-investment: These restructured deals may require new senior and junior debt capital to replace the existing borrowers, but on terms priced suitably for the current market.  Equity co-investment would be available as well.  This represents an excellent opportunity to deploy capital in seasoned issuers with new sponsorship.

We are always happy to explore such opportunities and share our perspectives, with the goal of developing transactions where there may be a mutual fit.