---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-215028"
form_type: "8-K"
ticker: "GLAD"
cik: "0001143513"
company_name: "GLADSTONE CAPITAL CORP"
filed_at: "2023-08-17T23:59:59+00:00"
generated_at: "2026-06-11T07:23:43.422698+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Gladstone Capital issues $57M of 7.75% Notes due 2028

## Summary
- $57M aggregate principal of 7.75% Notes maturing September 1, 2028.
- Interest payable quarterly starting December 1, 2023; redeemable at par from September 1, 2025.
- Notes are unsecured, rank pari passu with existing unsecured debt; structurally subordinated to subsidiary obligations.
- Net proceeds used to repay credit facility, fund new investments, and for general corporate purposes.

## SEC filing metadata
- accession: 0001193125-23-215028
- form_type: 8-K
- ticker: GLAD
- cik: 0001143513
- company_name: GLADSTONE CAPITAL CORP
- filed_at: 2023-08-17T23:59:59+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/1143513/000119312523215028/0001193125-23-215028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1143513/000119312523215028/d536404d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-215028
- JSON: https://secwatch.observer/filing/0001193125-23-215028.json
- Plain text: https://secwatch.observer/filing/0001193125-23-215028.txt

## Key facts
- Debt Financings
  GLADSTONE CAPITAL CORP incurred senior notes of $57,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 7.75% per year maturing September 1, 2028.
  - Instrument: senior notes
  - Principal: $57,000,000 aggregate principal amount
  - Counterparty: U.S. Bank Trust Company, National Association
  - Rate: 7.75% per year
  - Maturity: September 1, 2028
  - Event: incurrence
  source text: Company and the Trustee (together with the Fifth Supplemental Indenture, the “Indenture”). The Fifth Supplemental Indenture relates to the Company’s issuance, offer and sale of $ 57,000,000 aggregate principal amount of its 7.75% Notes due 2028 (the “Notes”). The Notes will mature on September 1, 2028, unless previously redeemed or repurchased in accordance with
  evidence_url: https://www.sec.gov/Archives/edgar/data/1143513/000119312523215028/0001193125-23-215028-index.htm
- Material Agreements
  GLADSTONE CAPITAL CORP entered into Fifth Supplemental Indenture with U.S. Bank Trust Company, National Association valued at $57,000,000 aggregate principal amount (effective 2023-08-17).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: U.S. Bank Trust Company, National Association
  - Value: $57,000,000 aggregate principal amount
  - Effective: 2023-08-17
  source text: On August 17, 2023, in connection with a previously announced public offering, Gladstone Capital Corporation (the “Company”) and U.S. Bank Trust Company, National Association (as successor in interest to U.S. Bank National Association), as trustee (the “Trustee”), entered into a Fifth Supplemental Indenture (the “Fifth Supplemental Indenture”) to the Indenture, dated November 6, 2018, between the Company and the Trustee (together with the Fifth Supplemental Indenture, the “Indenture”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1143513/000119312523215028/0001193125-23-215028-index.htm

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