<SEC-DOCUMENT>0001193125-17-295943.txt : 20170927
<SEC-HEADER>0001193125-17-295943.hdr.sgml : 20170927
<ACCEPTANCE-DATETIME>20170927160735
ACCESSION NUMBER:		0001193125-17-295943
CONFORMED SUBMISSION TYPE:	497AD
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20170927
DATE AS OF CHANGE:		20170927

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:		497AD
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-208637
		FILM NUMBER:		171104347

	BUSINESS ADDRESS:	
		STREET 1:		1521 WESTBRANCH DRIVE
		STREET 2:		SUITE 100
		CITY:			MCLEAN
		STATE:			VA
		ZIP:			22102
		BUSINESS PHONE:		703-287-5800

	MAIL ADDRESS:	
		STREET 1:		1521 WESTBRANCH DRIVE
		STREET 2:		SUITE 100
		CITY:			MCLEAN
		STATE:			VA
		ZIP:			22102
</SEC-HEADER>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Filed Pursuant to Rule 497<BR> File No. 333-208637<BR> Rule 482ad </P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g452236g0926175914642.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Gladstone Capital Corporation Announces Closing of Offering of 2,070,000 shares of its 6.00% Series 2024
Term Preferred Stock for Gross Proceeds of $51.8 Million </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">McLean, VA, September&nbsp;27, 2017: <U>Gladstone Capital Corporation</U> (NASDAQ: GLAD) (the &#147;Company&#148;) announced that today it closed its
previously announced public offering of 1,800,000 shares of its newly-issued 6.00% Series 2024 Term Preferred Stock (the &#147;Series 2024 Term Preferred Stock&#148;) at a public offering price of $25.00 per share. Simultaneously with the closing of
the offering, the underwriters fully exercised their option to purchase an additional 270,000 shares of Series 2024 Term Preferred Stock on the same terms and conditions solely to cover over-allotments, resulting in a total issuance of 2,070,000
shares for gross proceeds of $51.8&nbsp;million and net proceeds of approximately $49.8&nbsp;million, after payment of underwriting discounts, commissions and offering expenses. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company anticipates its Series 2024 Term Preferred Stock will trade on the NASDAQ Global Select Market under the symbol GLADN. The Series 2024 Term
Preferred Stock is mandatorily redeemable in September 2024 at $25.00 per share plus an amount equal to accumulated but unpaid dividends and distributions, if any, up to, but excluding, the date of redemption. Janney Montgomery Scott LLC and
Ladenburg Thalmann&nbsp;&amp; Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE MKT: LTS) served as joint book-running managers. FBR Capital Markets&nbsp;&amp; Co., a B. Riley Financial Company, served as a lead manager for
the offering. BB&amp;T Capital Markets, a division of BB&amp;T Securities, LLC, J.J.B. Hilliard, W.L. Lyons, LLC, Wedbush Securities Inc. and William Blair&nbsp;&amp; Company served
<FONT STYLE="white-space:nowrap">as&nbsp;co-managers&nbsp;for</FONT> the offering. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company intends to use the net proceeds from this offering plus
borrowings under its credit facility to redeem all outstanding shares of its 6.75% Series 2021 Term Preferred Stock on or after September&nbsp;29, 2017. This offering was made pursuant to the Company&#146;s existing shelf registration statement,
previously filed with the Securities and Exchange Commission (&#147;SEC&#148;). A final prospectus supplement related to the offering was filed with the SEC on September&nbsp;21, 2017 and is available on the SEC website at <U>www.sec.gov</U> or by
contacting Janney Montgomery Scott LLC, 1717 Arch Street, Philadelphia, PA 19103, Attention: Taxable Fixed Income Department or <U>prospectus@janney.com</U>. <B>The prospectus supplement, dated September</B><B></B><B>&nbsp;19, 2017, and accompanying
prospectus, dated February</B><B></B><B>&nbsp;6, 2017, each of which has been filed with the SEC, contain a description of these matters and other important information about the Company and should be read carefully before investing. Investors are
advised to carefully consider the investment objectives, risks and charges and expenses of the Company before investing.</B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">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. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>About Gladstone Capital Corporation</B>: 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. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Forward-Looking Statements </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This press release contains
statements as to the Company&#146;s intentions and expectations of the outcome of future events that are forward-looking statements. You can identify these statements by the fact that they do not relate strictly to historical or current facts.
Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause the actual results to differ materially from those anticipated at the time the forward-looking
statements are made. These statements relate to the offering of shares of Series 2024 Term Preferred Stock and the anticipated use of the net proceeds by the Company for the redemption of the 6.75% Series 2021 Term Preferred Stock. No assurance can
be given that the transaction discussed above will be completed on the terms described, or at all. The application of net proceeds is subject to numerous conditions, many of which are beyond the control of the Company. 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, except as required by law. For a description of certain risks to which the Company is or may be subject,
please refer to the factors discussed under the captions &#147;Forward-Looking Statements&#148; and &#147;Risk Factors&#148; included in the Company&#146;s filings with the SEC (accessible at www.sec.gov). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">CONTACT: For further information: Gladstone Capital Corporation, <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">703-287-5893.</FONT></FONT>
</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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