Gladstone Capital Secures $100M Credit Facility
Ticker: GLAD · Form: 8-K · Filed: Apr 1, 2024 · CIK: 1143513
| Field | Detail |
|---|---|
| Company | Gladstone Capital Corp (GLAD) |
| Form Type | 8-K |
| Filed Date | Apr 1, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: credit-facility, financing, debt
Related Tickers: GNTX
TL;DR
Gladstone Capital just inked a $100M credit line, maturing in 2029. More ammo for deals.
AI Summary
Gladstone Capital Corporation announced on April 1, 2024, that it has entered into a new unsecured revolving credit facility with a maximum aggregate principal amount of $100 million. This facility matures on April 1, 2029, and provides Gladstone Capital with additional financial flexibility.
Why It Matters
This new credit facility provides Gladstone Capital with increased financial flexibility and access to capital, which can be used for future investments and operations.
Risk Assessment
Risk Level: low — The filing is a standard disclosure of a credit facility, which is a common and generally low-risk financial instrument for companies.
Key Numbers
- $100.0M — Credit Facility Amount (Maximum aggregate principal amount available under the new unsecured revolving credit facility.)
- 2029-04-01 — Maturity Date (The date on which the credit facility expires.)
Key Players & Entities
- Gladstone Capital Corporation (company) — Registrant
- $100 million (dollar_amount) — Maximum principal amount of the credit facility
- April 1, 2024 (date) — Date of the earliest event reported
- April 1, 2029 (date) — Maturity date of the credit facility
FAQ
What is the purpose of the new credit facility?
The filing indicates the credit facility provides Gladstone Capital with additional financial flexibility, implying it can be used for general corporate purposes, investments, or other strategic initiatives.
What type of credit facility is this?
This is an unsecured revolving credit facility.
Who are the lenders under this credit facility?
The filing does not specify the names of the lenders involved in this new credit facility.
What are the terms of interest for this facility?
The specific interest rates and terms related to borrowing under this facility are not detailed in this 8-K filing.
Does this facility replace any existing debt?
The filing does not state whether this new credit facility replaces any existing debt arrangements.
Filing Stats: 542 words · 2 min read · ~2 pages · Grade level 10.4 · Accepted 2024-04-01 16:11:10
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value per share GLAD The Nasdaq
Filing Documents
- d817536d8k.htm (8-K) — 28KB
- d817536dex991.htm (EX-99.1) — 5KB
- g817536g0327210239109.jpg (GRAPHIC) — 8KB
- 0001193125-24-083373.txt ( ) — 200KB
- glad-20240401.xsd (EX-101.SCH) — 4KB
- glad-20240401_def.xml (EX-101.DEF) — 13KB
- glad-20240401_lab.xml (EX-101.LAB) — 22KB
- glad-20240401_pre.xml (EX-101.PRE) — 14KB
- d817536d8k_htm.xml (XML) — 6KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release issued by Gladstone Capital Corporation on April 1, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Gladstone Capital Corporation Date: April 1, 2024 By: /s/ Nicole Schaltenbrand Nicole Schaltenbrand Chief Financial Officer & Treasurer