Gladstone Investment (GAIN) Prices $65M Notes Offering

Go back to Gladstone Investment (GAIN) Prices $65M Notes Offering

Gladstone Investment Corporation Prices Public Offering of 8.00% Notes due 2028

May 23, 2023 5:38 PM EDT

MCLEAN, VA / ACCESSWIRE / May 23, 2023 / Gladstone Investment Corporation (Nasdaq: GAIN) (the "Company") today announced that it priced a public offering of $65.00 million aggregate principal amount of 8.00% Notes due 2028 (the "Notes") on May 23, 2023. The Notes will mature on August 1, 2028 and may be redeemed in whole or in part at any time or from time to time at the Company's option on or after August 1, 2025. The Notes will bear interest at a rate of 8.00% per year payable quarterly on February 1, May 1, August 1 and November 1 of each year, beginning August 1, 2023. The Company... More