secwatch.observer — SEC 8-K summary
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Issuer:     GLADSTONE CAPITAL CORP (GLAD)
CIK:        0001143513
Form:       8-K
Filed at:   2025-06-25T23:59:59+00:00
Accession:  0001193125-25-146907
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1143513/000119312525146907/0001193125-25-146907-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1143513/000119312525146907/d63011d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-146907

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