Filed pursuant to Rule 497
File
No. 333-208637
Rule 482ad
November 1, 2018
Gladstone Capital Corporation Announces Offering of 6.125% Notes due 2023
McLean, VA, November 1, 2018:
Gladstone Capital Corporation
(NASDAQ: GLAD) (the Company) today announced that it priced a public
offering of $50.0 million aggregate principal amount of 6.125% Notes due 2023 (the Notes) on November 1, 2018. The Notes will mature on November 1, 2023, and may be redeemed in whole or in part at any time or from time to time
at the Companys option on or after November 1, 2020. The Notes will bear interest at a rate of 6.125% per year payable quarterly on February 1, May 1, August 1 and November 1 of each year, beginning February 1,
2019. The Company also granted the underwriters a
30-day
option to purchase up to an additional $7.5 million in aggregate principal amount of Notes to cover overallotments, if any. The Company expects to list
the Notes on the Nasdaq Global Select Market under the trading symbol GLADD. Keefe, Bruyette & Woods,
A Stifel Company
, and Janney Montgomery Scott are acting as joint book-running managers for this offering. Ladenburg
Thalmann is acting as lead manager for this offering. William Blair, J.J.B. Hilliard, W.L. Lyons, LLC, National Securities Corporation and Wedbush Securities are acting as
co-managers
for this offering.
The closing of the transaction is subject to customary closing conditions and the Notes are expected to be delivered on or about November 6, 2018.
The Company intends to use the net proceeds from this offering to repay a portion of the amount outstanding under its revolving credit facility, to fund new
investment opportunities, and for other general corporate purposes.
Investors are advised to carefully consider the investment objectives, risks,
charges and expenses of the Company before investing. The prospectus supplement, dated November 1, 2018, and the accompanying prospectus, dated February 1, 2018, which will be filed with the U.S. Securities and Exchange Commission (the
SEC), contain this and other information about the Company and should be read carefully before investing.
The offering is being conducted
as a public offering under the Companys effective shelf registration filed with the SEC (File No. 333208637).
To obtain a copy of the
preliminary prospectus supplement for this offering and the accompanying prospectus, please contact: Keefe, Bruyette & Woods, Inc., 787 Seventh Avenue, 4th Floor, New York, NY 10019 (telephone number
1-800-966-1559).
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.
About Gladstone Capital Corporation
: Gladstone Capital Corporation is a publicly traded business
development company that invests in debt and equity securities consisting primarily of secured first and second lien term loans to lower middle market businesses in the United States.