Gladstone Capital Corp Enters Material Definitive Agreement
Ticker: GLAD · Form: 8-K · Filed: Aug 12, 2024 · CIK: 1143513
| Field | Detail |
|---|---|
| Company | Gladstone Capital Corp (GLAD) |
| Form Type | 8-K |
| Filed Date | Aug 12, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001, $25,000,000, $40,000,000, $65,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation
TL;DR
Gladstone Capital Corp just signed a big deal, creating a new financial obligation.
AI Summary
On August 12, 2024, Gladstone Capital Corporation entered into a material definitive agreement related to a direct financial obligation. The filing indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement of the registrant. Specific details regarding the nature of the agreement and the financial obligations are not fully disclosed in this summary.
Why It Matters
This filing signals a new financial commitment or obligation for Gladstone Capital Corporation, which could impact its financial structure and future operations.
Risk Assessment
Risk Level: medium — The creation of a new financial obligation can introduce new risks related to repayment, interest rates, and covenants, the specifics of which are not yet detailed.
Key Players & Entities
- Gladstone Capital Corporation (company) — Registrant
- August 12, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the material definitive agreement entered into by Gladstone Capital Corporation?
The filing states that Gladstone Capital Corporation entered into a material definitive agreement, which resulted in the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement. Specific details of the agreement are not provided in this summary.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on August 12, 2024.
What is Gladstone Capital Corporation's state of incorporation?
Gladstone Capital Corporation is incorporated in Maryland.
What is the principal executive office address for Gladstone Capital Corporation?
The principal executive offices of Gladstone Capital Corporation are located at 1521 Westbranch Drive, Suite 100, McLean, Virginia 22102.
What is the IRS Employer Identification Number for Gladstone Capital Corporation?
The IRS Employer Identification Number for Gladstone Capital Corporation is 54-2040781.
Filing Stats: 679 words · 3 min read · ~2 pages · Grade level 12.7 · Accepted 2024-08-12 16:30:55
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value per share GLAD The Nasdaq
- $25,000,000 — nded to increase the Credit Facility by $25,000,000 through an increase of Webster Bank, N.
- $40,000,000 — of Webster Bank, N.A.'s commitment from $40,000,000 to $65,000,000. The Credit Facility c
- $65,000,000 — , N.A.'s commitment from $40,000,000 to $65,000,000. The Credit Facility continues to inc
Filing Documents
- d882402d8k.htm (8-K) — 29KB
- d882402dex101.htm (EX-10.1) — 18KB
- 0001193125-24-198920.txt ( ) — 206KB
- glad-20240812.xsd (EX-101.SCH) — 4KB
- glad-20240812_def.xml (EX-101.DEF) — 13KB
- glad-20240812_lab.xml (EX-101.LAB) — 22KB
- glad-20240812_pre.xml (EX-101.PRE) — 14KB
- d882402d8k_htm.xml (XML) — 6KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Amendment No. 8 to Sixth Amended and Restated Credit Agreement, dated as of August 12, 2024 by and among Gladstone Business Loan, LLC, as Borrower, Gladstone Management Corporation, as Servicer, KeyBank National Association, as administrative agent, swingline lender, managing agent and lead arranger and certain other lenders party thereto. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES 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. Dated: August 12, 2024 GLADSTONE CAPITAL CORPORATION By: /s/ Nicole Schaltenbrand Nicole Schaltenbrand Chief Financial Officer & Treasurer