Gladstone Investment Corporation (Nasdaq: GAIN) has priced a registered direct offering of $60 million aggregate principal amount of 6.875% Notes due 2028. The Notes will mature on November 1, 2028, and 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. Interest on the Notes will be paid at an annual rate of 6.875%, with payments due on May 1 and November 1 of each year, starting May 1, 2026. The Notes are not expected to be listed on any securities exchange or automated dealer quotation system. Proceeds from the offering will be used to repay a portion of the amount outstanding under Gladstone's revolving credit facility, to fund new investment opportunities, and for other general corporate purposes. The offering is being conducted under the company's shelf registration statement filed with the SEC (File No. 333-277452). The full prospectus supplement and accompanying prospectus have been filed with the SEC.