Gladstone Capital Corporation Announces $110 Million Convertible Notes Offering with Option for Additional $16.5 Million

Reuters09-09

Gladstone Capital Corporation Announces $110 Million Convertible Notes Offering with Option for Additional $16.5 Million

Gladstone Capital Corporation has announced a registered public offering of $110 million aggregate principal amount of unsecured convertible notes due 2030. The company has also granted the underwriter an option to purchase an additional $16.5 million in aggregate principal amount of the notes. The notes will mature in 2030 and will pay interest semi-annually in arrears. The interest rate, initial conversion rate, and other terms of the notes will be determined at the time of pricing of the offering. Upon conversion, Gladstone Capital Corporation may pay in cash, shares of its common stock, or a combination of both. The company plans to use the net proceeds from this offering to repay part of its outstanding indebtedness under its revolving credit facility and for general corporate purposes. The offering is being managed by Oppenheimer & Co. Inc., acting as the sole book-running manager.

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: 1070389) on September 08, 2025, and is solely responsible for the information contained therein.

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