debt
confidence high
sentiment neutral
materiality 0.35
Gladstone Capital increases credit facility by $25M via Webster Bank commitment boost
GLADSTONE CAPITAL CORP
- Webster Bank's commitment raised from $40M to $65M, expanding total revolving credit facility by $25M.
- Total lender commitments after amendment include KeyBank (~$70.4M), ING (~$38.4M), Huntington (~$21.3M), and others.
- Amendment effective August 12, 2024; no early termination events or defaults were outstanding.
- Facility retains standard covenants, collateral-based borrowing constraints, and customary terms.