Gladstone Capital extends credit facility revolving period to Oct 2025, margin increased

GLADSTONE CAPITAL CORP

Revolving period extended to Oct 30, 2025; final maturity two years after revolving period ends.
Borrowing commitments at close $223.7M, up to $350M via accordion feature.
Interest rate margin 3.00% during revolving period, 3.50% thereafter; SOFR floor 0.10%.
Customers Bank resigned as managing agent and lender under Amendment No. 4.
Fixed rate loan limit reduced; other covenant updates including change-in-control events.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

GLADSTONE CAPITAL CORP amended Amendment No. 4 with KeyBank National Association (effective 2023-06-16).

Action: amendment
Agreement: credit facility
Counterparty: KeyBank National Association
Effective: 2023-06-16

Exact text from the filing

On June 16, 2023, Gladstone Capital Corporation (the “Company”), through its wholly-owned subsidiary Gladstone Business Loan, LLC, entered into Amendment No. 4 (the “Amendment”) to its Sixth Amended and Restated Credit Agreement with KeyBank National Association (“KeyBank”), as administrative agent, lead arranger and lender, Gladstone Management Corporation, the Company’s Adviser, as servicer, and certain other lenders party thereto (together with the Amendment, the “Credit Facility”).

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GLADSTONE CAPITAL CORP filing history →

Source: SEC EDGAR

accession 0001193125-23-172523

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