Gladstone Capital Corporation to Redeem 100% of Outstanding 5.375% Notes Due 2024
September 28, 2021 at 04:07 pm EDT
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On September 28, 2021, Gladstone Capital Corporation (the “Company”) announced that it will redeem 100% (or $38,812,500 aggregate principal amount) of its outstanding 5.375% Notes due 2024 (the “2024 Notes”) on November 1, 2021 (the “Redemption Date”). The redemption price for the 2024 Notes equals 100% of the $38,812,500 aggregate principal amount of the Notes being redeemed, plus accrued and unpaid interest otherwise payable for then-current quarterly interest period accrued to, but excluding, the Redemption Date. In connection with the redemption, the 2024 Notes will be delisted from the Nasdaq Global Select Market.
Gladstone Capital Corporation is a closed-end, non-diversified management investment company. The Companyâs investment objectives are to: achieve and grow current income by investing in debt securities of established lower middle market companies (which generally define as companies with annual earnings before interest, taxes, depreciation and amortization (EBITDA) of $3 million to $15 million) in the United States that will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time and provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities of established businesses that can grow over time to permit to sell its equity investments for capital gains. It focuses on investing in lower middle market companies. The Company externally managed by Gladstone Management Corporation (the Adviser).
GLADSTONE CAPITAL CORPORATION 
