Gladstone Capital Corporation Announces Notes Offering
October 07 2019 - 9:02AM
Gladstone Capital Corporation (NASDAQ: GLAD) (the “Company”) today
announced that it plans to make a public offering of notes due 2024
(the “Notes”). The Company expects to list the Notes on the Nasdaq
Global Select Market under the trading symbol “GLADL” within 30
days of issuance. Janney Montgomery Scott, Ladenburg Thalmann &
Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services
Inc. (NYSE American: LTS), and B. Riley FBR are acting as joint
book-running managers for this offering. William Blair and Wedbush
Securities are acting as co-managers for this offering.
The Company intends to use the net proceeds from this offering
to repay a portion of the amount outstanding under its credit
facility, to fund new investment opportunities, and for other
general corporate purposes.
Investors are advised to carefully consider the
investment objectives, risks and charges and expenses of the
Company before investing. The preliminary prospectus supplement,
dated October 7, 2019, and the accompanying prospectus, dated
February 5, 2019, which have been filed with the U.S. Securities
and Exchange Commission (the “SEC”), contain this and other
information about the Company and should be read carefully before
investing.
The offering is being conducted as a public offering under the
Company’s effective shelf registration filed with the SEC (File
No. 333–228720).
To obtain a copy of the preliminary prospectus
supplement for this offering and the accompanying prospectus,
please contact: Janney Montgomery Scott LLC, 1717 Arch Street,
Philadelphia, PA 19103 by writing to prospectus@janney.com or
calling 215-665-4450.
The information in the preliminary prospectus
supplement, the accompanying prospectus and this press release is
not complete and may change. This communication shall not
constitute an offer to sell or the solicitation of an offer to buy
nor shall there be any sale of these securities in any state or
other jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the
securities laws of any such state or other jurisdiction.
About Gladstone Capital Corporation: 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 lower
middle market businesses in the United States.
Forward-Looking Statements
This press release contains statements as to the Company’s
intentions and expectations of the outcome of future events that
are forward-looking statements. You can identify these statements
by the fact that they do not relate strictly to historical or
current facts. Forward-looking statements are not guarantees of
future performance and involve known and unknown risks,
uncertainties and other factors that may cause the actual results
to differ materially from those anticipated at the time the
forward-looking statements are made. These statements relate to the
offering of Notes and the anticipated use of the net proceeds by
the Company for the repayment of a portion of the outstanding
indebtedness under its revolving credit facility. No assurance can
be given that the transaction discussed above will be completed on
the terms described, or at all. Completion of the offering on the
terms described are subject to numerous conditions, many of which
are beyond the control of the Company. The Company undertakes no
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as required by law. For a description of
certain risks to which the Company is or may be subject, please
refer to the factors discussed under the captions “Forward-Looking
Statements” and “Risk Factors” and other similar headings included
in the Company’s filings with the SEC (accessible at
www.sec.gov).
CONTACT: For further information: Gladstone Capital Corporation,
703-287-5898.
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