Business & Finance
Business and Finance
Business and Finance
Fri, November 18, 2011
Thu, November 17, 2011 Gladstone Capital Corporation Announces Partial Exercise and Closing of Over-Allotment Option on Term Preferred Stock
Gladstone Capital Corporation Announces Partial Exercise and Closing of Over-Allotment Option on... -- MCLEAN, Va., Nov. 17, 2011 /PRNewswire/ --
Gladstone Capital Corporation Announces Partial Exercise and Closing of Over-Allotment Option on Term Preferred Stock
MCLEAN, Va., Nov. 17, 2011 /PRNewswire/ -- Gladstone Capital Corporation (NASDAQ: [ GLAD ]) (NYSE: GLADPRA) (the "Company") today announced that, in connection with its 7.125% Series 2016 Term Preferred Stock ("Term Preferred Stock") offering completed on November 4, 2011, the underwriters of the offering partially exercised and closed on their over-allotment option to purchase an additional 139,882 shares of Term Preferred Stock from the Company. The Company received approximately $3.4 million in additional net proceeds from the sale of these shares after deducting the underwriting discount. Janney Montgomery Scott LLC served as the sole bookrunner and lead manager for the offering. BB&T Capital Markets, a Division of Scott & Stringfellow, LLC, J.J.B. Hilliard, W.L. Lyons, LLC, Wunderlich Securities, Inc., Ladenburg Thalmann & Co. Inc. and Boenning & Scattergood, Inc. served as co-managers.
(Logo: [ http://photos.prnewswire.com/prnh/20101005/GLADSTONECAPITAL ])
The Company intends to use the net proceeds from this offering to repay its existing indebtedness, including a portion of the outstanding balance of its line of credit.
To obtain a copy of the prospectus and the final prospectus supplement for this offering, please contact: Janney Montgomery Scott LLC, 60 State Street, Boston, MA 02109, Attention: Equity Syndicate Department or [ prospectus@janney.com ].
This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
[ Gladstone Capital Corporation ] is a publicly traded business development company that invests in debt securities consisting primarily of senior term loans, second term lien loans, and senior subordinated term loans in small and medium sized U.S. businesses. Information on the business activities of all the Gladstone funds can be found at [ www.gladstonecompanies.com ].
SOURCE Gladstone Capital Corporation
[ Back to top ] RELATED LINKS
[ http://www.gladstonecompanies.com ]
