Gladstone Capital Corporation Invests $8.4 Million in B+T Group
December 22 2014 - 4:15PM
Gladstone Capital Corporation (Nasdaq:GLAD) ("Gladstone Capital")
announced today that on December 19, 2014, it made a $8.4 million
investment to recapitalize B+T Group in partnership with B+T
Group's management team. Gladstone Capital completed this
transaction with its affiliate, Gladstone Investment Corporation
(Nasdaq:GAIN) ("Gladstone Investment"), which invested $19.6
million. In addition to the equity capital necessary for the
transaction, Gladstone Capital and Gladstone Investment also
provided the debt financing. B+T Group, founded in 2000 and
headquartered in Tulsa, OK, is a full-service provider of
structural engineering, construction, and technical services to the
wireless tower industry for tower upgrades and modifications.
"Gladstone Capital is excited to partner with the talented
management team at B+T Group. The company has built an outstanding
reputation in the wireless tower industry, and we look forward to
supporting the team as they continue to grow that legacy," said
Kyle Largent, Managing Director of Gladstone Investment and
Gladstone Capital.
Gladstone Capital Corporation is a publicly traded business
development company that invests in debt and equity securities,
consisting primarily of senior, second lien and senior subordinated
term loans in small and medium sized businesses in the United
States. Information on the business activities of 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.
CONTACT: For further information:
Gladstone Capital Corporation, 703-287-5893
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