Gladstone Investment Launches Up to $115 Million 7.125% Notes Due 2031 to Refinance Debt
Less than 1 min read
Gladstone Investment entered into a Seventh Supplemental Indenture with UMB Bank to issue up to $115.0 million of 7.125% unsecured notes due May 1, 2031. Interest will be paid quarterly beginning May 1, 2026, and the notes are callable at par on or after May 1, 2028. The company plans to use net proceeds to repay borrowings under its credit facility, fund new investments, and for general corporate purposes.
Agreement details:
- Agreement type: Supplemental indenture for issuance of unsecured 7.125% notes due 2031
- Counterparty: UMB Bank
- Signed / Effective: Feb 18 2026 / same
- Duration / Termination: Through May 1 2031
- Reason: Refinance credit facility and fund new investments
Original SEC Filing: GLADSTONE INVESTMENT CORPORATION\DE [ GAIN ] - 8-K - Feb. 18, 2026
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.