Filed pursuant to Rule 497
File No. 333-228720
Rule 482ad
October 8, 2019
Gladstone Capital Corporation Prices Public Offering of 5.375% Notes due 2024
McLean, VA, October 8, 2019: Gladstone Capital Corporation (NASDAQ: GLAD) (the Company) today announced that it priced a public
offering of $33,750,000 aggregate principal amount of 5.375% Notes due 2024 (the Notes) on October 7, 2019. The Notes will mature on November 1, 2024 and may be redeemed in whole or in part at any time or from time to time at
the Companys option on or after November 1, 2021. The Notes will bear interest at a rate of 5.375% per year payable quarterly on February 1, May 1, August 1 and November 1 of each year, beginning
November 1, 2019. The Company also granted the underwriters a 30-day option to purchase up to an additional $5,062,500 in aggregate principal amount of Notes to cover overallotments, if any. 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 closing of the transaction is subject to customary closing conditions and the Notes are expected to be delivered on or about October 10, 2019.
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, charges and
expenses of the Company before investing. The prospectus supplement, dated October 7, 2019, and the accompanying prospectus, dated February 5, 2019, which will be 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 Companys effective shelf registration filed with the SEC (File No. 333228720).
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.
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.