Form 8-K

8-K — SARATOGA INVESTMENT CORP.

Accession: 0001213900-26-101407

Filed: 2026-09-18

Period: 2026-09-16

CIK: 0001377936

Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

Item: Financial Statements and Exhibits

Documents

8-K — ea0306016-8k_saratoga.htm (Primary)

EX-99.1 — PRESS RELEASE ISSUED BY SARATOGA INVESTMENT CORP. ON SEPTEMBER 18, 2026 (ea030601601ex99-1.htm)

GRAPHIC (ex030601601_ex99-1img1.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K — CURRENT REPORT

8-K (Primary)

Filename: ea0306016-8k_saratoga.htm · Sequence: 1

false

0001377936

2026-09-16

0001377936

SAR:Commonstockparvalue0.001pershareMember

2026-09-16

0001377936

SAR:Sec6.00NotesDue2027Member

2026-09-16

0001377936

SAR:Sec8.00NotesDue2027Member

2026-09-16

0001377936

SAR:Sec8.125NotesDue2027Member

2026-09-16

0001377936

SAR:Sec8.50NotesDue2028Member

2026-09-16

0001377936

SAR:Sec7.50NotesDue2031Member

2026-09-16

iso4217:USD

xbrli:shares

iso4217:USD

xbrli:shares

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported):

September 16, 2026

SARATOGA INVESTMENT CORP.

(Exact Name of Registrant as Specified in Charter)

Maryland

814-00732

20-8700615

(State or Other Jurisdiction

of Incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

535 Madison Avenue

New York, New York

10022

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s telephone number, including

area code (212) 906-7800

Not Applicable

(Former Name or Former Address, if Changed Since

Last Report)

Check the appropriate box below if the Form 8-K filing is intended

to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction

A.2. below):

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading symbol(s)

Name of each exchange on which registered

Common Stock, par value $0.001 per share

SAR

New York Stock Exchange

8.00% Notes due 2027

SAJ

New York Stock Exchange

8.125% Notes due 2027

SAY

New York Stock Exchange

8.50% Notes due 2028

SAZ

New York Stock Exchange

7.50% Notes due 2031

SAV

New York Stock Exchange

8.00% Notes due 2031

SAX

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth

company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange

Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant

has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant

to Section 13(a) of the Exchange Act. ☐

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers.

On September 16, 2026, Henri

J. Steenkamp notified the Board of Directors (the “Board”) of Saratoga Investment Corp. (the “Company”)

that he was stepping down as the Chief Financial Officer, Chief Compliance Officer, Treasurer and Secretary of the Company for health-related

reasons, effective as of October 31, 2026 (the “Effective Date”). Mr. Steenkamp will continue to support the

Company in a consulting capacity following the transition, providing continuity and institutional knowledge as the Company implements

its expanded leadership structure. Mr. Steenkamp also will continue to serve as a member of the Board and the Chief Financial Officer

of the Company’s small business investment company subsidiaries, where he will continue to contribute his long-standing knowledge

of the Company’s business, investment platform, governance practices and strategic priorities. Mr. Steenkamp did not express any

disagreement on any matter relating to the Company’s operations, policies or practices.

On September 18, 2026, the

Board promoted Christine Ramdihal, the Controller of the Company, to the positions of Chief Accounting Officer and Treasurer of the Company,

effective as of the Effective Date. As of the Effective Date, Ms. Ramdihal will be the Company’s principal financial officer. There

is no arrangement or understanding between Ms. Ramdihal and the Company and any other person or entity. There are no current or proposed

transactions between the Company and Ms. Ramdihal or her immediate family members that would require disclosure under Item 404(a) of Regulation

S-K.

On September 18, 2026, the

Board also promoted Rochelle Kracoff, the Assistant Chief Compliance Officer and Treasury Manager of the Company, to the positions of

Chief Compliance Officer and Secretary of the Company, effective as of the Effective Date. There is no arrangement or understanding between

Ms. Kracoff and the Company and any other person or entity. There are no current or proposed transactions between the Company and Ms.

Kracoff or her immediate family members that would require disclosure under Item 404(a) of Regulation S-K.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.

Description

99.1

Press Release Issued by Saratoga Investment Corp. on September 18, 2026.

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934,

the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

SARATOGA INVESTMENT CORP.

Date: September 18, 2026

By:

/s/ Henri J. Steenkamp

Name:

Henri J. Steenkamp

Title:

Chief Financial Officer, Chief Compliance Officer, Treasurer and Secretary

EX-99.1 — PRESS RELEASE ISSUED BY SARATOGA INVESTMENT CORP. ON SEPTEMBER 18, 2026

EX-99.1

Filename: ea030601601ex99-1.htm · Sequence: 2

Exhibit 99.1

Saratoga Investment Corp. Announces CFO Transition and New Leadership Appointments

NEW YORK, Sept.

18, 2026 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE:SAR) (“Saratoga Investment” or “the Company”), a

business development company, today announced that Henri Steenkamp will step down from his position as Chief Financial Officer, Chief

Compliance Officer, Treasurer and Secretary, effective October 31, 2026, for health-related reasons.

Mr. Steenkamp will

continue to support the Company in a consulting capacity following the transition, providing continuity and institutional knowledge as

the Company implements its expanded leadership structure. Mr. Steenkamp will also remain a member of the Company’s Board of Directors

and CFO of the Company’s SBIC subsidiaries, where he will continue to contribute his long-standing knowledge of the Company’s

business, investment platform, governance practices and strategic priorities.

The Company also announced the following

leadership appointments, each effective October 31st, 2026:

● Christine

Ramdihal has been promoted to Chief Accounting Officer and Treasurer, and will serve as the

Company’s principal financial officer

● Rochelle

Kracoff has been promoted to Chief Compliance Officer and Secretary

● James

Soltesz has been appointed as Investment Manager and Vice President of Capital Markets

Ms. Ramdihal has

served as Controller of Saratoga Investment and brings significant accounting, financial-reporting and audit experience to her expanded

role. Prior to joining Saratoga Investment almost ten years ago, she spent seven years in external audit roles at CBIZ and BDO, serving

clients in both general assurance and financial-services practices.

Ms. Kracoff has

served as Assistant Chief Compliance Officer and Treasury Manager at Saratoga Investment since 2021, following four years with the Company

as Compliance Manager. In her expanded role, she will continue to oversee the Company’s compliance program and support the Company’s

continued focus on regulatory adherence, governance and risk management. Before joining Saratoga Investment in 2017, Ms. Kracoff held

legal and compliance roles at Visium Asset Management and earlier legal-operations positions.

Mr. Soltesz is

an Investment Manager of Saratoga Investment Advisors, LLC, the Company’s investment adviser. He is responsible for underwriting,

trading and portfolio management activities related to the firm’s third-party CLO security business. In his expanded role as Investment

Manager and Vice President of Capital Markets, Mr. Soltesz will expand his role to support the Company’s overall balance sheet

management.

These promotions

reflect Saratoga Investment’s established succession planning and the depth of its leadership team. Christine Ramdihal, Rochelle

Kracoff and Jim Soltesz each bring meaningful functional experience, institutional knowledge and a strong understanding of the Company’s

operating standards to their expanded responsibilities. Collectively, their backgrounds across accounting, financial reporting, compliance,

treasury, investment and balance sheet management and portfolio oversight provide a strong internal foundation for the transition.

Together with Mr.

Steenkamp’s continued availability in a consulting capacity as well as his continued role on the Company’s Board of Directors

and in the SBIC subsidiaries, these appointments are intended to support continuity across the Company’s finance, compliance, investment

and governance functions. Saratoga Investment expects to maintain its disciplined approach to financial controls, regulatory compliance,

risk management and stakeholder communications throughout the transition.

“On behalf

of the Board and the entire Saratoga Investment team, I want to thank Henri for his significant contributions to the Company and his

partnership over the years,” said Christian L. Oberbeck, Chairman and Chief Executive Officer of Saratoga Investment. “While

we are sorry to see Henri step away from certain executive roles for health-related reasons, we fully support his decision to prioritize

his health. We are grateful that he will remain engaged as a member of our Board, with our SBIC subsidiaries and be available in a consulting

capacity ensuring a smooth transition. Christine, Rochelle and Jim are highly capable leaders with deep knowledge of our business and

operating standards, and we are confident in their ability to provide continuity, disciplined execution and strong oversight as we advance

Saratoga Investment’s strategic priorities.”

Mr. Steenkamp added,

“It has been a privilege to serve Saratoga Investment, our Board, our shareholders and our dedicated team. I am proud of the Company’s

progress and of the strong financial, compliance and investment capabilities we have built over the years, as well as the strength of

the team that remains. While I am stepping away from my executive responsibilities to focus on my health, I remain fully committed to

Saratoga Investment’s long-term success and look forward to continuing to support the Company as a director and in a consulting

capacity during this transition.”

About Saratoga

Investment

Saratoga Investment

is a specialty finance company that provides customized financing solutions to U.S. middle-market businesses. The Company invests primarily

in senior and unitranche leveraged loans and mezzanine debt, and, to a lesser extent, equity to provide financing for change of ownership

transactions, strategic acquisitions, recapitalizations and growth initiatives in partnership with business owners, management teams

and financial sponsors. Saratoga Investment’s objective is to create attractive risk-adjusted returns by generating current income

and long-term capital appreciation from its debt and equity investments. Saratoga Investment has elected to be regulated as a business

development company under the Investment Company Act of 1940 and is externally managed by Saratoga Investment Advisors, LLC, an SEC-registered

investment advisor focusing on credit-driven strategies. Saratoga Investment Corp. owns two active SBIC-licensed subsidiaries, having

surrendered its first license after repaying all debentures for that fund following the end of its investment period and subsequent wind-down.

Furthermore, it manages a $350 million collateralized loan obligation (“CLO”) fund that has recently repriced and reset its

reinvestment period and co-manages a joint venture (“JV”) fund that owns a $400 million collateralized loan obligation (“JV

CLO”) fund, and has equity and junior security investments in both CLO’s. The Company’s diverse funding sources, combined

with a permanent capital base, enable Saratoga Investment to provide a broad range of financing solutions.

Forward Looking Statements

This press release

contains historical information and forward-looking statements with respect to the business and investments of the Company, including,

but not limited to, the statements about future events or our future performance or financial condition. Forward-looking statements can

be identified by the use of forward looking words such as “outlook,” “believes,” “expects,” “potential,”

“continues,” “may,” “will,” “should,” “seeks,” “approximately,”

“predicts,” “intends,” “plans,” “estimates,” “anticipates” or negative versions

of those words, other comparable words or other statements that do not relate to historical or factual matters. The forward-looking statements

are based on our beliefs, assumptions and expectations of our future performance, taking into account all information currently available

to us. These statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties.

Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including, but

not limited to: changes in the markets in which we invest; changes in the financial, capital, and lending markets; an economic downturn

or a recession and its impact on the ability of our portfolio companies to operate and the investment opportunities available to us;

the impact of interest rate volatility on our business and our portfolio companies; the uncertainty associated with the imposition of

tariffs and trade barriers and changes in trade policy and its impact on our portfolio companies and the global economy; the impact of

supply chain constraints and labor shortages on our portfolio companies; and the elevated levels of inflation and its impact on our portfolio

companies and the industries in which we invests, as well as those described from time to time in our filings with the Securities and

Exchange Commission.

Any forward-looking

statement speaks only as of the date on which it is made. The Company undertakes no duty to update any forward-looking statements made

herein or on the webcast/conference call, whether as a result of new information, future developments or otherwise, except as required

by law. Readers should not place undue reliance on any forward-looking statements and are encouraged to review the Company’s

Annual Report on Form 10-K for the fiscal year ended February 28, 2026 and subsequent filings, including the “Risk Factors”

sections therein, with the Securities and Exchange Commission for a more complete discussion of the risks and other factors

that could affect any forward-looking statements.

Contacts:

Saratoga Investment Corporation

535 Madison Avenue, 4th Floor

New York, NY 10022

Henri Steenkamp

Chief Financial Officer

Saratoga Investment Corp.

212-906-7800

Lena Cati

The Equity Group Inc.

212-836-9611 / lena.cati@theequitygroup.com

Val Ferraro

The Equity Group Inc.

212-836-9633 / val.ferraro@theequitygroup.com

GRAPHIC

Filename: ex030601601_ex99-1img1.jpg · Sequence: 3

Binary file (2880 bytes)

Download ex030601601_ex99-1img1.jpg

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 9

v3.26.3

Cover

Sep. 16, 2026

Document Type

8-K

Amendment Flag

false

Document Period End Date

Sep. 16, 2026

Entity File Number

814-00732

Entity Registrant Name

SARATOGA INVESTMENT CORP.

Entity Central Index Key

0001377936

Entity Tax Identification Number

20-8700615

Entity Incorporation, State or Country Code

Entity Address, Address Line One

535 Madison Avenue

Entity Address, City or Town

New York

Entity Address, State or Province

Entity Address, Postal Zip Code

10022

City Area Code

212

Local Phone Number

906-7800

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Entity Emerging Growth Company

false

Common Stock, par value $0.001 per share

Title of 12(b) Security

Common Stock, par value $0.001 per share

Trading Symbol

SAR

Security Exchange Name

NYSE

6.00% Notes due 2027

Title of 12(b) Security

8.00% Notes due 2027

Trading Symbol

SAJ

Security Exchange Name

NYSE

8.00% Notes due 2027

Title of 12(b) Security

8.125% Notes due 2027

Trading Symbol

SAY

Security Exchange Name

NYSE

8.125% Notes due 2027

Title of 12(b) Security

8.50% Notes due 2028

Trading Symbol

SAZ

Security Exchange Name

NYSE

8.50% Notes due 2028

Title of 12(b) Security

7.50% Notes due 2031

Trading Symbol

SAV

Security Exchange Name

NYSE

7.50% Notes due 2031

Title of 12(b) Security

8.00% Notes due 2031

Trading Symbol

SAX

Security Exchange Name

NYSE

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Details

Name:

us-gaap_StatementClassOfStockAxis=SAR_Commonstockparvalue0.001pershareMember

Namespace Prefix:

Data Type:

Balance Type:

Period Type:

- Details

Name:

us-gaap_StatementClassOfStockAxis=SAR_Sec6.00NotesDue2027Member

Namespace Prefix:

Data Type:

Balance Type:

Period Type:

- Details

Name:

us-gaap_StatementClassOfStockAxis=SAR_Sec8.00NotesDue2027Member

Namespace Prefix:

Data Type:

Balance Type:

Period Type:

- Details

Name:

us-gaap_StatementClassOfStockAxis=SAR_Sec8.125NotesDue2027Member

Namespace Prefix:

Data Type:

Balance Type:

Period Type:

- Details

Name:

us-gaap_StatementClassOfStockAxis=SAR_Sec8.50NotesDue2028Member

Namespace Prefix:

Data Type:

Balance Type:

Period Type:

- Details

Name:

us-gaap_StatementClassOfStockAxis=SAR_Sec7.50NotesDue2031Member

Namespace Prefix:

Data Type:

Balance Type:

Period Type: