Gladstone Capital Corporation Invests in eCommerce Business
July 29 2016 - 4:10PM
Gladstone Capital Corporation (NASDAQ:GLAD) (“Gladstone Capital”)
announced that it has completed a debt investment in IA Tech, LLC
(“IA Tech”).
Headquartered in Atlanta, GA, IA Tech owns a
portfolio of eCommerce and digital marketing businesses serving
outdoor enthusiast communities.
“IA Tech has established an impressive market
position and is continuing to execute on a number of complementary
business extensions and compelling opportunities. We are
excited to provide debt financing to the IA Tech team as it
continues to expand into new markets,” said Mike McQuigg, a
Managing Director of Gladstone Capital.
Gladstone Capital Corporation is a publicly
traded business development company that invests in debt and equity
securities, consisting primarily of secured first and second lien
term loans to small and medium sized businesses in the United
States. Information on the business activities of Gladstone Capital
and all the Gladstone funds can be found at
www.gladstonecompanies.com.
For Investor Relations inquiries related to any
of the monthly dividend paying Gladstone funds, please visit
www.gladstone.com.
For further information: Gladstone Capital Corporation,
703-287-5893
Forward-looking Statements:
The statements in this press release regarding the longer-term
prospects of IA Tech and its management team, and the ability of IA
Tech to grow and expand are "forward-looking statements." These
forward-looking statements inherently involve certain risks and
uncertainties in predicting future results and conditions. Although
these statements are based on the Company's current plans that are
believed to be reasonable as of the date of this press release, a
number of factors could cause actual results and conditions to
differ materially from these forward-looking statements, including
those factors described from time to time in Gladstone
Capital's filings with the Securities and Exchange
Commission. Gladstone Capital undertakes no obligation to
publicly release the result of any revisions to these
forward-looking statements that may be made to reflect any future
events or otherwise, except as required by law.
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