Gladstone Investment Corporation (Nasdaq: GAIN) has priced a registered direct offering of $60.0 million aggregate principal amount of 6.875% Notes due 2028. The Notes will mature on November 1, 2028, and bear interest at a rate of 6.875% per year, payable on May 1 and November 1 of each year, beginning May 1, 2026. The Notes may be redeemed in whole or in part at any time prior to August 1, 2028, at par plus a "make-whole" premium, and thereafter at par plus accrued and unpaid interest to the redemption date. The offering is being conducted under the company's effective shelf registration statement filed with the SEC (File No. 333-277452). The company intends to use the net proceeds to repay a portion of its revolving credit facility, fund new investment opportunities, and for other general corporate purposes. The Notes are not expected to be listed on any securities exchange or automated dealer quotation system. The closing is subject to customary conditions, with delivery expected on or about November 10, 2025.
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 Investment Corporation published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1097299) on November 06, 2025, and is solely responsible for the information contained therein.
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