Gladstone Investment issues up to $115M of 7.125% notes due 2031 under amended indenture

Reuters
Feb 19
Gladstone Investment issues up to $115M of 7.125% notes due 2031 under amended indenture

Gladstone Investment Corporation entered into a Seventh Supplemental Indenture with UMB Bank, National Association, as trustee, in connection with a public offering of up to $115 million of 7.125% unsecured notes due 2031. The notes mature May 1, 2031, pay interest quarterly starting May 1, 2026, and are redeemable at the company’s option on or after May 1, 2028. Gladstone said it plans to use the net proceeds to repay a portion of its credit facility borrowings, fund new investments, and for general corporate purposes.

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