Gladstone Investment Corp Files 8-K on Material Agreement

TL;DR

GIN files 8-K for new material debt agreement.

AI Summary

On December 17, 2024, Gladstone Investment Corporation entered into a material definitive agreement related to its financial obligations. The company is filing a Form 8-K to report this event, which involves obligations under an off-balance sheet arrangement. Specific details regarding the agreement and its financial implications are expected to be further elaborated in the filing.

Why It Matters

This filing indicates a significant new financial commitment or obligation for Gladstone Investment Corporation, which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — The filing concerns a material definitive agreement and creation of a direct financial obligation, suggesting potential changes in the company's debt structure or financial commitments.

Key Players & Entities

• Gladstone Investment Corporation (company) — Registrant
• December 17, 2024 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of Incorporation
• 814-00704 (identifier) — Commission File Number
• 83-0423116 (identifier) — I.R.S. Employer Identification Number

FAQ

Key Financial Figures

• $0.001 — nge on Which Registered Common Stock, $0.001 par value per share GAIN The Nasdaq

Filing Documents

• d846943d8k.htm (8-K) — 41KB
• d846943dex41.htm (EX-4.1) — 80KB
• d846943dex51.htm (EX-5.1) — 13KB
• g846943g34i16.jpg (GRAPHIC) — 3KB
• g846943g46j55.jpg (GRAPHIC) — 2KB
• 0001193125-24-280366.txt ( ) — 466KB
• gain-20241217.xsd (EX-101.SCH) — 5KB
• gain-20241217_cal.xml (EX-101.CAL) — 1KB
• gain-20241217_def.xml (EX-101.DEF) — 14KB
• gain-20241217_lab.xml (EX-101.LAB) — 16KB
• gain-20241217_pre.xml (EX-101.PRE) — 14KB
• d846943d8k_htm.xml (XML) — 12KB

From the Filing

8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 17, 2024 Gladstone Investment Corporation (Exact Name of Registrant as Specified in Charter) Delaware 814-00704 83-0423116 (State or Other Jurisdiction of Incorporation) (Commission File Number) (I.R.S. Employer Identification Number) 1521 Westbranch Drive , Suite 100 , McLean , Virginia 22102 (Address of Principal Executive Offices) (Zip Code) ( 703 ) 287-5800 (Registrant's telephone number, including area code) N/A (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Trading Symbol(s) Name of Each Exchange on Which Registered Common Stock, $0.001 par value per share GAIN The Nasdaq Stock Market LLC 5.00% Notes due 2026 GAINN The Nasdaq Stock Market LLC 4.875% Notes due 2028 GAINZ The Nasdaq Stock Market LLC 8.00% Notes due 2028 GAINL The Nasdaq Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item1.01. Entry Into a Material Definitive Agreement. On December 17, 2024, in connection with a previously announced public offering, Gladstone Investment Corporation (the "Company") and UMB Bank, National Association, as trustee (the "Trustee"), entered into a Fifth Supplemental Indenture (the "Fifth Supplemental Indenture") to the Indenture, dated May 22, 2020, between the Company and the Trustee (together with the Fifth Supplemental Indenture, the "Indenture"). The Fifth Supplemental Inde ntu re relates to Company's issuance, offer and sale of $ 126,500,000 aggregate principal amount of its 7.875% Notes due 2030 (the "Notes"). The Notes will mature on February 1, 2030, unless previously redeemed or repurchased in accordance with their terms. The interest rate of the Notes is 7.875% per year, and interest on the Notes will be paid on February 1, May 1, August 1 and November 1 of each year, beginning on February 1, 2025. The Notes are the Company's direct unsecured obligations and rank pari passu with the Company's existing and future unsecured, unsubordinated indebtedness, including its 5.00% notes due 2026, 4.875% notes due 2028 and 8.00% notes due 2028; senior to any series of preferred stock that the Company may issue in the future; senior to any of the Company's future indebtedness that expressly provides it is subordinated to the Notes; effectively subordinated to any future secured indebtedness of the Company (including indebtedness that is initially unsecured to which the Company subsequently grants security), to the extent of the value of the assets securing such indebtedness; and structurally subordinated to all existing and future indebtedness and other obligations of any of the Co mpany 's existing or future subsidiaries, including, without limitation, borrowings under the Company's credit facility. The Notes may be redeemed in whole or in part at any time or from time to time at the Company's option on or after February 1, 2027, upon not less than 30 days nor more than 60 days written notice by mail prior to the date fixed for redemption thereof, at a redemption price of 100% of the outstanding principal amount of the Notes to be redeemed plus accrued and unpaid interest payments otherwise payable for the then-current quarterly interest period accrued to, but not including, the date fixed for redemption. The Indenture contains certain covenants, including covenants requiring the Company to comply with Section 18(a)(1)(A) as modified by Section 61(a)(2) of the Investment Company Act of 1940, as amended (the "Investment Company Act"), or any successor provisions, to comply with Section 18(a)(1)(B) as modified by Section 61(a)(2) of the Investment Company Act, or any successor provisions but giving effect to an

View Full Filing

View this 8-K filing on SEC EDGAR