Gladstone Capital Co. 7.75% Notes due 2028 (NASDAQ:GLADZ) are senior unsecured notes issued by Gladstone Capital Corporation, a publicly traded business development company. The notes carry a fixed annual coupon rate of 7.75%, payable semi-annually, and were issued to support ongoing investment activities, refinance existing indebtedness, and fund general corporate purposes.
Gladstone Capital Corporation specializes in providing customized debt and equity solutions to lower middle-market companies across a range of industries, including manufacturing, healthcare, business services, and distribution. Operating under the Investment Company Act of 1940, the firm targets U.S.-based companies with EBITDA profiles generally between $5 million and $20 million. Its financing solutions are structured to support growth initiatives, recapitalizations, acquisitions, and management buyouts, with the aim of generating both current income and long-term capital appreciation.
Since its founding in 2005 and its initial public offering in 2009, Gladstone Capital has deployed over $1 billion of capital across more than 200 portfolio companies. The company maintains a diversified portfolio to manage credit risk and seeks to deliver attractive, tax-advantaged yields to its investors by distributing virtually all of its taxable income as dividends.
The 7.75% Notes due 2028 provide investors with a fixed-income alternative backed by a seasoned BDC with a track record of disciplined credit underwriting. Traded on the Nasdaq Capital Market under the ticker GLADZ, the notes are subject to customary covenants and terms governing default, redemption, and transferability, and serve to extend the firm’s debt maturity profile while balancing its overall cost of capital.
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