Item 8.01. Other Events
On October 28, 2021, Gladstone Capital Corporation (the "Company"), Gladstone
Management Corporation and Gladstone Administration, LLC, on the one hand,
entered into a Purchase Agreement (the "Purchase Agreement") with Raymond
James & Associates, Inc., as representative of the several initial purchasers
listed on Schedule A thereto (the "Initial Purchasers"), on the other hand, in
connection with the offer and sale by the Company of $50 million aggregate
principal amount of its 3.75% notes due 2027 (the "Notes") to the Initial
Purchasers in a private placement in reliance on Section 4(a)(2) of the
Securities Act of 1933, as amended (the "Securities Act"), and for the initial
resale by the Initial Purchasers to qualified institutional buyers in
transactions exempt from registration under the Securities Act pursuant to
Rule 144A thereunder. The Notes will not be registered under the Securities
Act and may not be offered or sold in the United States absent registration or
an applicable exemption from registration.
The closing of the private placement is expected to occur on November 4, 2021,
subject to customary closing conditions. The Company intends to use the net
proceeds to repay a portion of the amount outstanding under its credit facility,
to fund new investment opportunities and for other general corporate purposes.
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GLADSTONE CAPITAL CORPORATION 
