Gladstone Capital Corporation filings document the reporting activity of a Nasdaq-listed business development company focused on debt and equity investments in U.S. lower middle market businesses. Its disclosures include Form 8-K reports for quarterly and annual results, furnished earnings releases, portfolio activity, investment income, net asset value, and distribution announcements for common and preferred securities.
The company’s regulatory record also covers governance and capital-structure matters, including annual meeting voting results, executive officer transitions, registered securities, and note-related capital actions. These filings identify GLAD common stock as listed on Nasdaq and describe formal events affecting the company’s management, securities, and public-company reporting obligations.
Gladstone Capital Corporation (GLAD) filed a current report to announce that it has released its financial results for the fiscal quarter and year ended September 30, 2025. The details of these results are contained in a press release dated November 17, 2025, which is attached as Exhibit 99.1. The company states that this information is being furnished rather than filed under the Securities Exchange Act of 1934, meaning it is not subject to certain liability provisions and is not automatically incorporated into other securities filings.
Gladstone Capital Corporation files its annual report outlining how it operates as an externally managed business development company and regulated investment company focused on lower middle market U.S. businesses. The company targets debt investments that generate current income and selective equity positions for long-term capital gains.
As of September 30, 2025, the investment portfolio at fair value totaled $859.1 million, with about 90.9% in debt and 9.1% in equity. Secured first lien loans represent the largest share, and the five biggest positions account for 22.9% of portfolio value. Investments span 55 companies across 16 industries and all major U.S. regions.
The filing details the advisory and administration arrangements with Gladstone affiliates, including a 1.75% base management fee on average total assets and performance-based incentive fees, as well as non-contractual fee credits that have offset part of income-based incentive fees. It also explains the board-approved valuation process for Level 3 assets and the tax framework for maintaining RIC status and the 150% asset coverage requirement under BDC regulation.
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.
Gladstone Capital Corporation priced a registered public offering of $130.0 million of 5.875% convertible notes due 2030, at 98.5% of principal, with a 30‑day option for the underwriter to buy an additional $19.5 million. The notes are unsecured, pay interest semi‑annually starting April 1, 2026, and mature on October 1, 2030, unless earlier converted, redeemed or repurchased.
Holders can convert at any time into cash, common shares, or a mix, at the company’s election, at an initial rate of 38.4394 shares per $1,000 principal (about $26.02 per share), a 10.0% premium to the last sale price on September 9, 2025. The company estimates net proceeds of about $123.7 million (or $142.3 million if the option is fully exercised), to repay part of its revolving credit facility and for general corporate purposes, with plans to reborrow under that facility to redeem portions of its 5.125% notes due 2026 and 7.75% notes due 2028.
Gladstone Capital Corporation is commencing a registered public offering of $110 million aggregate principal amount of unsecured convertible notes due 2030. The Company also expects to grant the underwriter an option to purchase up to an additional $16.5 million in principal amount of these notes.
The notes will be unsecured obligations, pay interest semi-annually and mature in 2030 unless earlier converted, redeemed or repurchased. On conversion, Gladstone Capital may settle in cash, common stock, or a mix of both, at its election, with the interest rate, initial conversion rate and other key terms to be set at pricing. The Company plans to use the net proceeds primarily to repay a portion of its revolving credit facility and for other general corporate purposes, with Oppenheimer & Co. Inc. acting as sole book-running manager.