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<SEC-DOCUMENT>0001157523-07-009844.txt : 20071016
<SEC-HEADER>0001157523-07-009844.hdr.sgml : 20071016
<ACCEPTANCE-DATETIME>20071016075353
ACCESSION NUMBER:		0001157523-07-009844
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20071016
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20071016
DATE AS OF CHANGE:		20071016

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GLADSTONE CAPITAL CORP
		CENTRAL INDEX KEY:			0001143513
		IRS NUMBER:				542040781
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	814-00237
		FILM NUMBER:		071173109

	BUSINESS ADDRESS:	
		STREET 1:		1521 WESTBRANCH DRIVE
		CITY:			MCLEAN
		STATE:			VA
		ZIP:			22102
		BUSINESS PHONE:		703-287-5800

	MAIL ADDRESS:	
		STREET 1:		1521 WESTBRANCH DRIVE
		CITY:			MCLEAN
		STATE:			VA
		ZIP:			22102
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a5519005.txt
<DESCRIPTION>GLADSTONE CAPITAL CORPORATION 8-K
<TEXT>
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 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): October 16, 2007

                          Gladstone Capital Corporation
             (Exact name of registrant as specified in its chapter)

           Maryland               814-00237             54-2040781
 (State or other jurisdiction    (Commission           (IRS Employer
       of incorporation)         File Number)       Identification No.)

           1521 Westbranch Drive, Suite 200
                   McLean, Virginia                          22102
       (Address of principal executive offices)            (Zip Code)


Registrant's telephone number, including area code: (703) 287-5800



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))

<PAGE>

Item 8.01 Other Events.

On October 16, 2007, Gladstone Capital Corporation (NASDAQ: GLAD) (the
"Company") announced the sale of 2,500,000 shares of common stock to the public
pursuant to the Company's existing shelf registration statement previously filed
with, and declared effective by, the U.S. Securities and Exchange Commission.

Pricing was set at $18.70 per share, and net proceeds from the offering, after
deducting expenses, are expected to be approximately $43,745,000 (assuming no
exercise of the underwriter's over-allotment option). The proceeds will be used
for the repayment of existing short-term debt under the Company's line of
credit.

The underwriter of the offering is Deutsche Bank Securities Inc.

A copy of the press release announcing the transaction is filed as Exhibit 99.1
to this report and is incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits

(a) Not applicable.
(b) Not applicable.
(c) Not applicable.
(d) Exhibits.

               Exhibit No.    Description
               -----------    -----------
               99.1           Press release dated October 16, 2007

<PAGE>

                                  EXHIBIT INDEX

     Exhibit No.           Description
     -----------           -----------

         99.1              Press Release dated October 16, 2007

<PAGE>


                                   SIGNATURES

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)

October 16, 2007                          By:/s/ Harry Brill
                                          ------------------
                                (Harry Brill, Chief Financial Officer)
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a5519005ex99_1.txt
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
                                                                    Exhibit 99.1

                Gladstone Capital Prices Shelf Offering

     MCLEAN, Va.--(BUSINESS WIRE)--Oct. 16, 2007--Gladstone Capital
Corporation (NASDAQ:GLAD) (the "Company") today announced that it has
priced a public offering of 2,500,000 shares of common stock in an
underwritten public offering. Pricing was set at $18.70 per share, and
net proceeds from the offering, after deducting expenses payable by the
Company, are expected to be approximately $43,745,000. The proceeds will
be used for the repayment of existing short-term debt under the
Company's line of credit.

    The underwriter has been granted an option, exercisable for 30
days, to purchase up to 375,000 additional shares of common stock to
cover overallotments, if any. The underwriter of the offering is
Deutsche Bank Securities Inc. The offering is subject to customary
closing conditions and is expected to close on October 19, 2007.

    The shares will be sold pursuant to an effective shelf
registration statement on Form N-2 that has been filed with the U.S.
Securities and Exchange Commission (the "Commission").

    Investors are advised to carefully consider the investment
objectives, risks and charges and expenses of the Company before
investing. The prospectus supplement dated October 15, 2007 and the
accompanying prospectus dated July 5, 2007, which have been filed with
the Commission, contain this and other information about the Company
and should be read carefully before investing.

    This press release does not constitute an offer to sell or the
solicitation of an offer to buy the securities described herein, nor
shall there be any sale of these securities in any state or
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 jurisdiction. These securities are only
being offered pursuant to a prospectus and prospectus supplement,
which may be obtained from the Company's website at
www.GladstoneCapital.com.

    Gladstone Capital is a specialty finance company that invests in
debt securities consisting primarily of senior term loans, second lien
loans, and senior subordinate loans in small and medium sized
businesses. For more information please visit our website at
www.GladstoneCapital.com.

    For further information contact our Investor Relations department
at 703-287-5835.

    This press release may include statements that may constitute
"forward-looking statements," including statements with regard to the
future performance of the Company. Words such as "should," "believes,"
"feel," "expects," "projects," "strive," "goals," and "future" or
similar expressions are intended to identify forward-looking
statements. These forward-looking statements inherently involve
certain risks and uncertainties, although they are based on the
Company's current plans that are believed to be reasonable as of the
date of this press release. Factors that may cause the Company's
actual results, levels of activity, performance or achievements to be
materially different from any future results, levels of activity,
performance or achievements expressed or implied by such
forward-looking statements include, among others, those factors listed
under the caption "Risk factors" of the Company's prospectus dated
July 5, 2007, as filed with the Securities and Exchange Commission on
July 5, 2007. The Company undertakes no obligation to publicly update
or revise any forward-looking statements, whether as a result of new
information, future events or otherwise.

    CONTACT: Gladstone Capital Corporation
             Kerry Finnegan, 703-287-5893
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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