Gladstone Capital closes $149.5M offering of 5.875% convertible notes due 2030

GLADSTONE CAPITAL CORP

Issued $149.5M aggregate principal, including full exercise of $19.5M overallotment option.
Notes bear 5.875% interest, payable semiannually; mature October 1, 2030.
Initial conversion rate 38.4394 shares per $1,000 principal (~$26.02 conversion price).
Net proceeds of ~$142.3M to repay credit facility; re-borrowing expected to redeem 2026 & 2028 notes.
Notes are unsecured, rank pari passu with existing unsecured debt; redeemable after Oct 6, 2028 under certain conditions.

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