Gladstone Commercial issues $75M 6.47% senior notes due 2029 to repay credit facility

GLADSTONE COMMERCIAL CORP

Issued $75M aggregate principal of 6.47% Senior Guaranteed Notes due Dec 18, 2029.
Interest payable semi-annually; maturity Dec 18, 2029; proceeds to repay revolver and term loans.
Notes are senior unsecured obligations guaranteed by the parent and certain subsidiaries.
Make-whole prepayment premium applies unless within 30 days of maturity.
Interest steps up 1% if Notes are rated below BBB- (Below Investment Grade Event).

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