secwatch.observer — SEC 8-K summary
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Issuer:     GLADSTONE INVESTMENT CORPORATION\DE (GAIN)
CIK:        0001321741
Form:       8-K
Filed at:   2023-10-31T23:59:59+00:00
Accession:  0001193125-23-267202
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gladstone Investment amends credit facility: size reduced to $135M, revolving period extended to Oct 2026
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- Credit facility reduced from $180.0M to $135.0M; revolving period extended to October 30, 2026, with final maturity two years later.
- Advances bear interest at Term SOFR + 3.15% p.a. during revolving period, stepping up to 3.40% and then 3.65% after.
- Unused commitment fee tiers: 0.50% if usage ≤50%, 0.75% if >50% to ≤65%, 1.00% if >65%.
- Lenders Customers Bank and Hancock Whitney Bank exited the facility as of the Effective Date.
- Borrowing base and standard covenants amended; KeyBank remains administrative agent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1321741/000119312523267202/0001193125-23-267202-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1321741/000119312523267202/d455400d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-267202

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