Loan & DebtJun 11, 2026, 04:12 PM
Gladstone Investment Corp. Upsizes Credit Facility to $405M, Extends Maturity
AI Summary
Gladstone Investment Corporation, through its subsidiary, has entered into Amendment No. 13 to its Fifth Amended and Restated Credit Agreement. The amendment extends the revolving period to June 8, 2029, and the final maturity date accordingly. It also adjusts interest rates, increases the credit facility size from $300 million to $405 million (with a potential to reach $500 million), and updates certain terms and covenants. KeyBank remains the administrative agent.
Key Highlights
- Gladstone Investment Corporation amended its credit facility, extending the revolving period to June 8, 2029.
- The final maturity date of the credit facility has been extended to two years after the termination of the revolving period.
- Interest rate on advances reduced to 30-day SOFR + 2.85% until June 8, 2029, with subsequent increases.
- Credit facility size increased from $300.0 million to $405.0 million, with a potential to reach $500.0 million.
- Certain existing terms and covenants, including change-of-control events, have been updated.
Price Impact
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