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Gladstone Capital Corporation Prices Offering of 5.125% Notes Due 2026
MCLEAN, VA / ACCESSWIRE / December 8, 2020 / Gladstone Capital Corporation (Nasdaq:GLAD) (the "Company") today announced that it priced a public offering of
About this update from Gladstone Capital Corporation
[{"type":"text","content":"MCLEAN, VA / ACCESSWIRE / December 8, 2020 / Gladstone Capital Corporation (Nasdaq:GLAD) (the \"Company\") today announced that it priced a public offering of $100 million aggregate principal amount of 5.125% Notes due 2026 (the \"Notes\") on December 8, 2020. The Notes will mature on January 31, 2026, and may be redeemed in whole or in part at any time or from time to time at the Company's option at par plus a \"make-whole\" premium, if applicable. The Notes will bear interest at a rate of 5.125% per year payable semi-annually on January 31 and July 31 of each year, beginning July 31, 2021. Raymond James & Associates, Inc. is acting as sole book-running manager for this offering.The closing of the transaction is subject to customary closing conditions and the Notes are expected to be delivered on or about December 15, 2020.The Company intends to use the net proceeds from this offering to redeem all or a portion of its outstanding 6.125% Notes due 2023, repay a portion of the amount outstanding under its credit facility, to fund new investment opportunities, and for other general corporate purposes.Investors are advised to carefully consider the investment objectives, risks, charges and expenses of the Company before investing. The prospectus supplement, dated December 8, 2020, and the accompanying prospectus, dated February 5, 2019, which will be filed with the U.S. Securities and Exchange Commission (the \"SEC\"), contain this and other information about the Company and should be read carefully before investing.The offering is being conducted as a public offering under the Company's effective shelf registration filed with the SEC (File No. 333-228720).To obtain a copy of the prospectus supplement for this offering and the accompanying prospectus, please contact: Raymond James & Associates, Inc., 800 Carillon Parkway, St. Petersburg, Florida 33716, email: [email protected] or by calling 800-248-8863.This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.About Gladstone Capital Corporation: Gladstone Capital Corporation is a publicly t...