debt
confidence high
sentiment neutral
materiality 0.50
Gladstone Investment prices $60M 6.875% Notes due 2028 offering
GLADSTONE INVESTMENT CORPORATION\DE
- Issued $60M aggregate principal of 6.875% Notes due Nov 1, 2028, priced Nov 6, 2025.
- Interest payable semi-annually on May 1 and Nov 1, beginning May 1, 2026.
- Net proceeds to repay credit facility, fund investments, and for general corporate purposes.
- Notes are unsecured, rank pari passu with existing unsecured notes; not exchange-listed.
- B. Riley Securities acted as sole book-running manager; closing on Nov 10, 2025.