Gladstone Investment (NASDAQ: GAIN) updates key credit facility via Amendment 13
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Gladstone Investment Corporation reported that on June 10, 2026 its wholly owned subsidiary, Gladstone Business Investment, LLC, entered into Amendment No. 13 to its Fifth Amended and Restated Credit Agreement with KeyBank National Association and other lenders. This amendment updates the company’s existing secured credit facility, which continues to include customary terms, covenants, events of default, and borrowing limits based on collateral tests appropriate for a facility of this size and type. The full amendment is filed as an exhibit to this report.
Positive
- None.
Negative
- None.
8-K Event Classification
3 items: 1.01, 2.03, 9.01
3 items
Item 1.01
Entry into a Material Definitive Agreement
Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 2.03
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Financial
The company incurred a new significant debt or off-balance-sheet obligation.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Amendment date: June 10, 2026
Reporting date: June 11, 2026
Amendment number: No. 13
3 metrics
Amendment date
June 10, 2026
Execution date of Amendment No. 13 to credit agreement
Reporting date
June 11, 2026
Date the current report was signed
Amendment number
No. 13
Sequential amendment to Fifth Amended and Restated Credit Agreement
Key Terms
Amendment No. 13, Fifth Amended and Restated Credit Agreement, credit facility, events of default, +1 more
5 terms
Amendment No. 13 financial
"entered into Amendment No. 13 (the “Amendment”) to its Fifth Amended and Restated Credit Agreement"
Fifth Amended and Restated Credit Agreement financial
"Amendment No. 13 to its Fifth Amended and Restated Credit Agreement with KeyBank National Association"
credit facility financial
"together with the Amendment, the “Credit Facility”"
A credit facility is a flexible loan arrangement that allows a borrower to access funds up to a set limit whenever needed, similar to a company having an overdraft option on a bank account. It matters to investors because it indicates how easily a business can secure cash when required, affecting its ability to manage expenses, invest, or respond to financial challenges.
events of default financial
"includes customary terms, covenants, events of default and constraints on borrowing availability"
Events of default are specific breaches or failures listed in a loan, bond, or credit agreement that give lenders the right to act, such as demanding immediate repayment, raising interest rates, or taking secured assets. They matter to investors because triggering one is like setting off a financial alarm: it raises the chance of foreclosure, restructuring, or bankruptcy and can sharply reduce the value of a company’s stock or bonds and increase borrowing costs.
servicer financial
"Gladstone Management Corporation, the Company’s Adviser, as servicer"
An entity that handles the day-to-day administration of loans or other financial assets on behalf of lenders or investors. Like a property manager for a building, a servicer collects payments, monitors accounts, enforces contract terms, handles missed payments and borrower communications; its efficiency and practices directly affect cash flow, credit quality and recovery prospects, so investors watch servicers for operational and performance risk.
FAQ
What did Gladstone Investment Corporation (GAIN) change in its credit facility?
Gladstone Investment Corporation entered Amendment No. 13 to its Fifth Amended and Restated Credit Agreement. The amendment updates its existing credit facility while retaining customary terms, covenants, events of default, and collateral-based borrowing limits appropriate for this type of financing.
Who are the main lenders in Gladstone Investment Corporation’s amended credit facility?
KeyBank National Association acts as administrative agent, joint lead arranger and lender, with Fifth Third Bank and City National Bank as joint lead arrangers and lenders. Gladstone Management Corporation serves as servicer under the amended credit facility structure.
When was Amendment No. 13 to GAIN’s credit agreement executed?
Amendment No. 13 to Gladstone Investment Corporation’s Fifth Amended and Restated Credit Agreement was executed on June 10, 2026. The company reported the action shortly thereafter in a current report, reflecting the updated terms to its existing credit facility.
Which Gladstone Investment subsidiary is the borrower under the amended credit agreement?
Gladstone Business Investment, LLC, a wholly owned subsidiary of Gladstone Investment Corporation, is the borrower under the amended credit agreement. Gladstone Management Corporation acts as servicer, coordinating administration of the facility with KeyBank and the other lending institutions.
Where can investors find the full text of GAIN’s Amendment No. 13?
The complete text of Amendment No. 13 is filed as Exhibit 10.1 to the current report. Investors can review that exhibit to see the detailed provisions and changes made to the Fifth Amended and Restated Credit Agreement.