Item 7.01. Regulation FD Disclosure.
On June 21, 2021, Gladstone Commercial Corporation (the "Company") issued a
press release (the "Offering Press Release") announcing that it is commencing an
underwritten public offering of shares of its newly designated Series G
Cumulative Redeemable Preferred Stock (the "Series G Preferred Stock") pursuant
to its shelf registration statement on Form S-3 (File No. 333-236143). The
public offering price and other terms are to be determined by negotiations
between the Company and the underwriters. In addition, the Company expects to
grant to the underwriters a 30-day option to purchase additional shares of
Series G Preferred Stock on the same terms and conditions. The Offering Press
Release also provides that the Company intends to use the net proceeds of the
sale of the Series G Preferred Stock to optionally redeem all outstanding shares
of its 7.00% Series D Cumulative Redeemable Preferred Stock, with any remaining
proceeds to repay a portion of the indebtedness outstanding under the Company's
credit facility and for other general corporate purposes.
A copy of the Offering Press Release is furnished herewith as Exhibit 99.1 to
this Current Report on Form 8-K and is incorporated herein by reference.
Pursuant to the rules and regulations of the Securities and Exchange Commission,
the information set forth in this Item 7.01 and in the attached exhibits is
deemed to be furnished and shall not be deemed to be filed.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
99.1 Offering Press Release dated June 21, 2021.
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)
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