Gladstone Investment unit ups credit facility to $200 million

By Mary-Katherine Stinson

Lexington, Ky., Feb. 6 – Gladstone Investment Corp. through subsidiary Gladstone Business Investment, LLC amended its fifth amended and restated credit agreement with KeyBank NA as administrative agent, joint lead arranger and lender on Feb. 5, according to an 8-K filing with the Securities and Exchange Commission.

The amendment increased the facility size to $200 million from $135 million and updated certain existing terms.

Fifth Third Bank, NA is a managing agent, joint lead arranger and lender.

Gladstone Management Corp. is the company’s adviser and servicer.

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

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