---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-146907"
form_type: "8-K"
ticker: "GLAD"
cik: "0001143513"
company_name: "GLADSTONE CAPITAL CORP"
filed_at: "2025-06-25T23:59:59+00:00"
generated_at: "2026-05-18T18:59:58.530589+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Gladstone Capital extends credit facility revolving period to Oct 2027; commitments up to $320M

## Summary
- Revolving period extended to October 30, 2027; final maturity two years later.
- Borrowing commitments increased by $26.3M to $320M (accordion up to $400M).
- Interest rate margin reduced to 2.60% during revolving period and 3.10% thereafter.
- Two lenders (ING Capital LLC, Georgia Banking Company) exited as managing agents and lenders.
- Added minimum utilization payment, increased minimum net worth requirement, increased max Swing Advance.

## SEC filing metadata
- accession: 0001193125-25-146907
- form_type: 8-K
- ticker: GLAD
- cik: 0001143513
- company_name: GLADSTONE CAPITAL CORP
- filed_at: 2025-06-25T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1143513/000119312525146907/0001193125-25-146907-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1143513/000119312525146907/d63011d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-146907
- JSON: https://secwatch.observer/filing/0001193125-25-146907.json
- Plain text: https://secwatch.observer/filing/0001193125-25-146907.txt

## Key facts
- Debt Financings
  GLADSTONE CAPITAL CORP amended credit facility of $320.0 million, can be increased up to $400.0 million with KeyBank National Association at 2.60% during the revolving period and 3.10% thereafter maturing revolving period to October 30, 2027 and final maturity two years after termination of revolving period.
  - Instrument: credit facility
  - Principal: $320.0 million, can be increased up to $400.0 million
  - Counterparty: KeyBank National Association
  - Rate: 2.60% during the revolving period and 3.10% thereafter
  - Maturity: revolving period to October 30, 2027 and final maturity two years after termination of revolving period
  - Event: amendment
  source text: On June 23, 2025, Gladstone Capital Corporation (the “Company”), through its wholly-owned subsidiary Gladstone Business Loan, LLC, entered into Amendment No. 9 (the “Amendment”) to its Sixth Amended and Restated Credit Agreement with KeyBank National Association (“KeyBank”), as administrative agent, lead arranger and lender, Gladstone Management Corporation, the Company’s Adviser, as servicer, and certain other lenders party thereto (together with the Amendment, the “Credit Facility”). Under the terms of the Amendment, the Credit Facility was amended to, among other things, extend the revolving period of the Credit Facility to October 30, 2027 and extend the final maturity date of the Credit Facility to two years after the termination of the revolving period. The interest rate margin is 2.60% during the revolving period and 3.10% thereafter. The available borrowing commitments were increased by $26.3 million to $320.0 million at close and can be increased up to a maximum of $400.0 mill
  evidence_url: https://www.sec.gov/Archives/edgar/data/1143513/000119312525146907/0001193125-25-146907-index.htm

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