---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-202244"
form_type: "8-K"
ticker: "GLAD"
cik: "0001143513"
company_name: "GLADSTONE CAPITAL CORP"
filed_at: "2025-09-12T23:59:59+00:00"
generated_at: "2026-05-17T06:43:12.753027+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-202244
- form_type: 8-K
- ticker: GLAD
- cik: 0001143513
- company_name: GLADSTONE CAPITAL CORP
- filed_at: 2025-09-12T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1143513/000119312525202244/0001193125-25-202244-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1143513/000119312525202244/d940631d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-202244
- JSON: https://secwatch.observer/filing/0001193125-25-202244.json
- Plain text: https://secwatch.observer/filing/0001193125-25-202244.txt

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