Gladstone Capital Corporation Increases Public Offering to $130 Million in 5.875% Convertible Notes Due 2030

Reuters09-10
Gladstone Capital Corporation Increases Public Offering to $130 Million in 5.875% Convertible Notes Due 2030

Gladstone Capital Corporation $(GLAD)$ announced on September 9, 2025, the pricing of a registered public offering of $130.0 million in aggregate principal amount of 5.875% convertible notes due 2030. The notes will be issued at a price of 98.5% of the principal amount. The offering size was increased from the previously announced $110.0 million. The company also granted the underwriter a 30-day option to purchase up to an additional $19.5 million to cover overallotments. The notes are expected to be delivered on or about September 12, 2025. The net proceeds are estimated at approximately $123.7 million, which the company intends to use to repay a portion of the outstanding indebtedness under its revolving credit facility and for other corporate purposes. Oppenheimer & Co. Inc. is acting as the sole book-running manager for the offering.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Gladstone Capital Corporation published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1071011) on September 10, 2025, and is solely responsible for the information contained therein.
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