Gladstone Capital Corporation Extends and Expands Credit Facility with KeyBank and Lenders, Increasing Borrowing Commitments to $320 Million
Gladstone Capital Corporation has announced an amendment to its existing credit agreement, enhancing its financial flexibility. On June 23, 2025, Gladstone, through its wholly-owned subsidiary Gladstone Business Loan, LLC, entered into Amendment No. 9 with KeyBank National Association and other lenders. This amendment extends the revolving period of the Credit Facility to October 30, 2027, with the final maturity date set for two years thereafter. The available borrowing commitments have been increased by $26.3 million, bringing the total to $320 million, with the potential to expand up to $400 million. The amendment also adjusts interest rate margins, utilization payments, and net worth requirements, among other terms, providing Gladstone with enhanced borrowing capacity and financial maneuverability.
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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-146907), on June 25, 2025, and is solely responsible for the information contained therein.
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