Gladstone to pay down credit facility with new note proceeds

By Mary-Katherine Stinson

Lexington, Ky., Aug. 10 – Gladstone Capital Corp. plans to repay a portion of the borrowings under the company’s credit facility, of which approximately $167.2 million is outstanding as of Aug. 7, with proceeds from a new offering of $25-par notes due 2028, according to a 424B2 filed with the Securities and Exchange Commission.

Gladstone Capital is a McLean, Va.-based lower middle-market private equity company.

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