---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-157946"
form_type: "8-K"
ticker: "GAIN"
cik: "0001321741"
company_name: "GLADSTONE INVESTMENT CORPORATION\\DE"
filed_at: "2023-05-31T23:59:59+00:00"
generated_at: "2026-06-14T10:15:59.887955+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Gladstone Investment issues $74.75M of 8.00% Notes due 2028

## Summary
- Issued $74.75M aggregate principal of 8.00% Notes due August 1, 2028.
- Interest payable quarterly starting Aug 1, 2023; notes are unsecured and rank pari passu with existing unsecured notes.
- Proceeds to repay credit facility borrowings, fund new investments, and for general corporate purposes.
- Notes redeemable at company's option on or after Aug 1, 2025 at 100% of principal plus accrued interest.

## SEC filing metadata
- accession: 0001193125-23-157946
- form_type: 8-K
- ticker: GAIN
- cik: 0001321741
- company_name: GLADSTONE INVESTMENT CORPORATION\DE
- filed_at: 2023-05-31T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1321741/000119312523157946/0001193125-23-157946-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1321741/000119312523157946/d512241d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-157946
- JSON: https://secwatch.observer/filing/0001193125-23-157946.json
- Plain text: https://secwatch.observer/filing/0001193125-23-157946.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1321741/000119312523157946/0001193125-23-157946-index.htm
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1321741/000119312523157946/0001193125-23-157946-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.