secwatch.observer — SEC 8-K summary
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Issuer:     GLADSTONE CAPITAL CORP (GLAD)
CIK:        0001143513
Form:       8-K
Filed at:   2025-09-12T23:59:59+00:00
Accession:  0001193125-25-202244
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1143513/000119312525202244/0001193125-25-202244-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1143513/000119312525202244/d940631d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-202244

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