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Gladstone Capital (NASDAQ: GLAD) to redeem $207M in 2026 and 2028 notes

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Gladstone Capital Corporation plans to redeem two series of outstanding notes in full. The company will redeem 100% of its 5.125% Notes due 2026 with an aggregate principal amount of $150,000,000 on October 31, 2025.

It will also redeem 100% of its 7.75% Notes due 2028 with an aggregate principal amount of $57,000,000 on October 15, 2025. In each case, holders will receive 100% of principal plus accrued and unpaid interest to, but excluding, the applicable redemption date. Following the redemption, the 2028 Notes will be delisted from the Nasdaq Global Select Market.

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Insights

Gladstone Capital is retiring $207M of notes at par plus interest, reshaping its debt profile.

Gladstone Capital is fully redeeming its 5.125% Notes due 2026 and 7.75% Notes due 2028, totaling $150,000,000 and $57,000,000 in principal, respectively. Both redemptions occur at 100% of principal plus accrued interest on their stated October 2025 redemption dates.

Eliminating these notes will change the company’s interest expense and maturity schedule, but the excerpt does not describe replacement financing or balance sheet context. The 7.75% Notes’ delisting from the Nasdaq Global Select Market simply reflects their full redemption rather than an ongoing trading issue.

GLADSTONE CAPITAL CORP false 0001143513 0001143513 2025-09-15 2025-09-15 0001143513 us-gaap:CommonStockMember 2025-09-15 2025-09-15 0001143513 us-gaap:DeferrableNotesMember 2025-09-15 2025-09-15
 
 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

Form 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event Reported): September 15, 2025

 

 

Gladstone Capital Corporation

(Exact Name of Registrant as Specified in Charter)

 

 

 

Maryland   814-00237   54-2040781

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification Number)

 

1521 Westbranch Drive, Suite 100

McLean, Virginia

  22102
(Address of Principal Executive Offices)   (Zip Code)

(703) 287-5800

(Registrant’s telephone number, including area code)

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading

symbol

 

Name of each exchange

on which registered

Common Stock, $0.001 par value per share   GLAD   The Nasdaq Stock Market LLC
7.75% Notes due 2028, $25.00 par value per note   GLADZ   The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 
 


Item 8.01 Other Events.

On September 15, 2025, Gladstone Capital Corporation (the “Company”) announced that it will redeem 100% (or $150,000,000 aggregate principal amount) of its outstanding 5.125% Notes due 2026 (the “2026 Notes”) on October 31, 2025 and 100% (or $57,000,000 aggregate principal amount) of its outstanding 7.75% notes due 2028 (the “2028 Notes”) on October 15, 2025 (each, a “Redemption Date”). The redemption price for the 2026 Notes equals 100% of the $150,000,000 aggregate principal amount of the 2026 Notes being redeemed plus accrued and unpaid interest, if any, to, but excluding, the applicable Redemption Date. The redemption price for the 2028 Notes equals 100% of the $57,000,000 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 applicable Redemption Date. In connection with the redemption, the 2028 Notes will be delisted from the Nasdaq Global Select Market.


SIGNATURE

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.

 

   

Gladstone Capital Corporation

    (Registrant)

September 15, 2025

    By:  

/s/ Nicole Schaltenbrand

      Nicole Schaltenbrand
      Chief Financial Officer and Treasurer

FAQ

What did Gladstone Capital Corporation (GLAD) announce in this 8-K filing?

Gladstone Capital announced plans to fully redeem two outstanding note issues, its 5.125% Notes due 2026 and its 7.75% Notes due 2028, at 100% of principal plus accrued and unpaid interest, with redemptions scheduled for October 2025 on specified dates.

How much debt is Gladstone Capital (GLAD) redeeming and on what dates?

Gladstone Capital is redeeming $150,000,000 aggregate principal of 5.125% Notes due 2026 on October 31, 2025 and $57,000,000 aggregate principal of 7.75% Notes due 2028 on October 15, 2025, each at 100% of principal plus accrued interest to the redemption date.

What redemption price will GLAD noteholders receive for the 2026 and 2028 notes?

Holders of both note series will receive 100% of the aggregate principal amount being redeemed plus accrued and unpaid interest to, but excluding, the applicable redemption date, matching the standard par redemption structure outlined for the 5.125% 2026 Notes and 7.75% 2028 Notes.

What happens to Gladstone Capital’s 7.75% Notes due 2028 listed as GLADZ?

The 7.75% Notes due 2028, traded under symbol GLADZ on the Nasdaq Global Select Market, will be fully redeemed on October 15, 2025. In connection with this full redemption, those 2028 Notes will be delisted from the Nasdaq Global Select Market after the process completes.

Does Gladstone Capital’s 8-K affect its common stock listed as GLAD?

The disclosure specifically concerns the redemption of two note issues and the delisting of the 7.75% Notes due 2028. The company’s common stock, trading under the symbol GLAD on The Nasdaq Stock Market LLC, is listed separately and is not described as changing here.

What interest rates apply to the Gladstone Capital notes being redeemed?

The notes being redeemed carry fixed interest rates. The 2026 Notes bear interest at 5.125%, while the 2028 Notes bear interest at 7.75%. Both series will be redeemed at 100% of principal, with holders also receiving accrued and unpaid interest up to the stated redemption dates.
Gladstone Capital Corp

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