Gladstone Capital Corporation Announces $149.5 Million Convertible Notes Offering to Redeem Debt and Fund Corporate Purposes

Reuters

2025/09/13

Gladstone Capital Corporation Announces $149.5 Million Convertible Notes Offering to Redeem Debt and Fund Corporate Purposes

Gladstone Capital Corporation has announced the issuance and sale of $149.5 million in aggregate principal amount of 5.875% convertible notes due 2030. The offering, which closed on September 12, 2025, includes the full exercise of the underwriter's option to purchase an additional $19.5 million to cover overallotments. These notes can be converted into shares of the company's common stock, with an initial conversion rate set at 38.4394 shares per $1,000 principal amount. The company plans to utilize the estimated $142.3 million in net proceeds from the offering to repay a portion of its outstanding credit facility debt and for general corporate purposes. Additionally, Gladstone Capital intends to re-borrow under its credit facility to redeem its outstanding 2026 and 2028 notes. Interest on the new notes will be paid semi-annually, starting April 1, 2026, with the maturity date set for October 1, 2030.

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: 0001193125-25-202244), on September 12, 2025, and is solely responsible for the information contained therein.

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The offering, which closed on September 12, 2025, includes the full exercise of the underwriter's option to purchase an additional $19.5 million to cover overallotments. These notes can be converted into shares of the company's common stock, with an initial conversion rate set at 38.4394 shares per $1,000 principal amount. The company plans to utilize the estimated $142.3 million in net proceeds from the offering to repay a portion of its outstanding credit facility debt and for general corporate purposes. Additionally, Gladstone Capital intends to re-borrow under its credit facility to redeem its outstanding 2026 and 2028 notes. 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ID: 0001193125-25-202244), on September 12, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4135","symbol_name":"資產管理與託管銀行","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250912:nNDL2HYK9g:1","article_id":"2567901031","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2567901031","pubTimestamp":1757708744,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Gladstone Capital Corporation has announced the issuance and sale of $149.5 million in aggregate principal amount of 5.875% convertible notes due 2030. 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