Gladstone Investment Prices $100 Million 7.125% Notes Due 2031

Reuters
Feb 11
Gladstone Investment Prices $100 Million 7.125% Notes Due 2031

Gladstone Investment Corporation has priced a public offering of $100 million aggregate principal amount of 7.125% Notes due 2031. The Notes will mature on May 1, 2031, and may be redeemed at the company’s option on or after May 1, 2028. Interest will be paid quarterly at a rate of 7.125% per year, beginning May 1, 2026. The company has also granted underwriters a 30-day option to purchase up to an additional $15 million in aggregate principal amount of Notes to cover overallotments, if any. The Notes are expected to be listed on the Nasdaq Global Select Market under the symbol "GAING" within 30 days of issuance. Proceeds from the offering will be used to repay a portion of the outstanding amount under the company's revolving credit facility, fund new investment opportunities, and for other general corporate purposes.

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