secwatch.observer — SEC 8-K summary
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Issuer:     GLADSTONE CAPITAL CORP (GLAD)
CIK:        0001143513
Form:       8-K
Filed at:   2023-06-22T23:59:59+00:00
Accession:  0001193125-23-172523
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1143513/000119312523172523/0001193125-23-172523-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1143513/000119312523172523/d521673d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-172523

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