Gladstone Capital expands credit facility by $50 million

Chicago, Sept. 21 – Gladstone Capital Corp. through subsidiary Gladstone Business Loan, LLC amended and restated its credit agreement with KeyBank NA as administrative agent, lead arranger and lender on Tuesday, according to an 8-K filing with the Securities and Exchange Commission.

The amendment increases the facility by $50 million, raised to $225 million.

The additional commitment was supported by an increase in commitments from KeyBank and Webster Bank NA and new lender First Foundation Bank.

The increase was permitted under the terms of the credit agreement.

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

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