---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-172523"
form_type: "8-K"
ticker: "GLAD"
cik: "0001143513"
company_name: "GLADSTONE CAPITAL CORP"
filed_at: "2023-06-22T23:59:59+00:00"
generated_at: "2026-06-13T18:47:23.227713+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-172523
- form_type: 8-K
- ticker: GLAD
- cik: 0001143513
- company_name: GLADSTONE CAPITAL CORP
- filed_at: 2023-06-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1143513/000119312523172523/0001193125-23-172523-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1143513/000119312523172523/d521673d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-172523
- JSON: https://secwatch.observer/filing/0001193125-23-172523.json
- Plain text: https://secwatch.observer/filing/0001193125-23-172523.txt

## Key facts
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1143513/000119312523172523/0001193125-23-172523-index.htm

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