Gladstone Investment Announces Intent to Redeem All Outstanding 8.00% Notes due 2028

Rhea-AI Summary

Gladstone Investment (Nasdaq:GAIN) announced it intends to redeem all outstanding 8.00% Notes due 2028. The Company said a notice of redemption will be mailed to registered holders by the trustee, with a Redemption Date of December 16, 2025. The redemption price equals 100% of the $74,750,000 aggregate principal amount plus accrued and unpaid interest to, but excluding, the Redemption Date. In connection with the redemption, the 2028 Notes will be delisted from the Nasdaq Global Select Market. The communication clarifies it is not a formal notice of redemption or an offer to purchase securities.

Positive

• Plans to redeem 100% of $74,750,000 outstanding 8.00% notes
• Early redemption scheduled for Dec 16, 2025 removes 2028 note obligation

Negative

• Redemption requires cash payment of 100% principal plus accrued interest
• 2028 Notes will be delisted from the Nasdaq Global Select Market

News Market Reaction – GAIN

-0.51%

1 alert

-0.51% News Effect

On the day this news was published, GAIN declined 0.51%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

MCLEAN, VA / ACCESS Newswire / November 14, 2025 / Gladstone Investment Corporation (Nasdaq:GAIN) (the "Company") today announced that it plans to redeem all of its outstanding 8.00% Notes due 2028 (the "2028 Notes"). A notice of redemption will be mailed to all registered holders of the 2028 Notes by UMB Bank, National Association (the "Trustee"), in accordance with the terms of the Indenture, dated as of May 22, 2020, between the Company and the Trustee, and Section 1.01(g) of the Fourth Supplemental Indenture dated as of May 31, 2023 (collectively, the "Indenture"). The 2028 Notes redemption date is December 16, 2025 (the "Redemption Date"). The redemption price for the 2028 Notes equals 100% of the $74,750,000 aggregate principal amount of the 2028 Notes being redeemed, plus accrued and unpaid interest otherwise payable for the then-current quarterly interest period accrued to, but excluding, the Redemption Date. In connection with the redemption, the 2028 Notes will be delisted from the Nasdaq Global Select Market.

This communication does not constitute a notice of redemption under the terms of the Indenture, nor an offer to tender for, or purchase of, any 2028 Notes or any other security.

About Gladstone Investment Corporation: Gladstone Investment Corporation is a publicly traded business development company that seeks to make secured debt and equity investments in lower middle market businesses in the United States in connection with acquisitions, changes in control and recapitalizations.

Forward-Looking Statements

This press release contains statements as to the Company's intentions and expectations of the outcome of future events that are forward-looking statements. You can identify these statements by the fact that they do not relate strictly to historical or current facts. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made. These statements relate to the redemption of its 2028 Notes. Completion of the transaction on the terms described above is subject to numerous conditions, many of which are beyond the control of the Company, and such transaction may not be completed on the terms described, or at all. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. For a description of certain risks to which the Company is or may be subject, please refer to the factors discussed under the captions "Forward-Looking Statements" and "Risk Factors" included in the Company's filings with the Securities and Exchange Commission (accessible at www.sec.gov).

CONTACT:
Investor Relations Inquiries: Please call (703) 287-5893

SOURCE: Gladstone Investment Corporation

View the original press release on ACCESS Newswire

FAQ

What did Gladstone Investment (GAIN) announce on November 14, 2025 about its 8.00% Notes due 2028?

Gladstone Investment announced it intends to redeem all outstanding 8.00% Notes due 2028, with a Redemption Date of December 16, 2025.

How much principal will Gladstone Investment redeem for the 2028 Notes (GAIN)?

The redemption covers $74,750,000 aggregate principal, paid at 100% plus accrued interest to the Redemption Date.

When will Gladstone Investment (GAIN) complete the redemption of the 2028 Notes?

The announced Redemption Date for the 2028 Notes is December 16, 2025.

Will the 8.00% Notes due 2028 remain listed after Gladstone Investment (GAIN) redeems them?

No; the company said the 2028 Notes will be delisted from the Nasdaq Global Select Market in connection with the redemption.

Does the announcement from Gladstone Investment (GAIN) constitute a formal notice of redemption?

No; the communication states it is not a notice of redemption under the Indenture and is not an offer to tender or purchase any securities.