secwatch / observer
8-K filed May 31, 2023, 7:59 PM ET ticker GAIN CIK 0001321741
debt confidence high sentiment neutral materiality 0.50

GLADSTONE INVESTMENT CORPORATION\DE (GAIN): debt financing — Gladstone Investment issues $74.75M of 8.00% Notes due 2028

GLADSTONE INVESTMENT CORPORATION\DE

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

GLADSTONE INVESTMENT CORPORATION\DE incurred senior notes of $74,750,000 aggregate principal amount with UMB Bank, National Association, as trustee at 8.00% per year maturing August 1, 2028.

Instrument
senior notes
Principal
$74,750,000 aggregate principal amount
Counterparty
UMB Bank, National Association, as trustee
Rate
8.00% per year
Maturity
August 1, 2028
Event
incurrence
Exact text from the filing
On May 31, 2023, in connection with a previously announced public offering, Gladstone Investment Corporation (the “Company”) and UMB Bank, National Association, as trustee (the “Trustee”), entered into a Fourth Supplemental Indenture (the “Fourth Supplemental Indenture”) to the Indenture, dated May 22, 2020, between the Company and the Trustee (together with the Fourth Supplemental Indenture, the “Indenture”). The Fourth Supplemental Indenture relates to the Company’s issuance, offer and sale of $ 74,750,000 aggregate principal amount of its 8.00% Notes due 2028 (the “Notes”). The Notes will mature on August 1, 2028, unless previously redeemed or repurchased in accordance with their terms. The interest rate of the Notes is 8.00% per year, and interest on the Notes will be paid on February 1, May 1, August 1 and November 1 of each year, beginning on August 1, 2023.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

GLADSTONE INVESTMENT CORPORATION\DE entered into Fourth Supplemental Indenture with UMB Bank, National Association valued at $74,750,000 aggregate principal amount (effective 2023-05-31).

Action
entry
Agreement
notes offering
Counterparty
UMB Bank, National Association
Value
$74,750,000 aggregate principal amount
Effective
2023-05-31
Exact text from the filing
On May 31, 2023, in connection with a previously announced public offering, Gladstone Investment Corporation (the “Company”) and UMB Bank, National Association, as trustee (the “Trustee”), entered into a Fourth Supplemental Indenture (the “Fourth Supplemental Indenture”) to the Indenture, dated May 22, 2020, between the Company and the Trustee (together with the Fourth Supplemental Indenture, the “Indenture”).
View on SEC.gov

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Source: SEC EDGAR
accession 0001193125-23-157946
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