Gladstone plans to redeem series 2021 preferred stock with proceeds

By Sarah Lizee

Olympia, Wash., Sept. 19 – Gladstone Capital Corp. plans to redeem all of its outstanding 6.75% series 2021 term preferred stock using the proceeds of an offering of series 2024 term preferred stock and borrowings under its credit facility, according to a press release.

The redemption is contingent upon a successful completion of the new offering.

Gladstone is a McLean, Va.-based business development company.

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