<SEC-DOCUMENT>0001193125-19-263412.txt : 20191007
<SEC-HEADER>0001193125-19-263412.hdr.sgml : 20191007
<ACCEPTANCE-DATETIME>20191007090106
ACCESSION NUMBER:		0001193125-19-263412
CONFORMED SUBMISSION TYPE:	497AD
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20191007
DATE AS OF CHANGE:		20191007

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:	333-228720
		FILM NUMBER:		191139787

	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>
<DOCUMENT>
<TYPE>497AD
<SEQUENCE>1
<FILENAME>d770706d497ad.htm
<DESCRIPTION>497AD
<TEXT>
<HTML><HEAD>
<TITLE>497AD</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Filed pursuant to Rule 497 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>File <FONT STYLE="white-space:nowrap">No.&nbsp;333-228720</FONT> </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Rule 482ad </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:0pt; margin-left:4%" ALIGN="center">


<IMG SRC="g770706g1007091041544.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">October&nbsp;7, 2019 </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Gladstone Capital Corporation Announces Notes Offering </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">McLean, VA, October&nbsp;7, 2019: <U>Gladstone Capital Corporation</U> (NASDAQ: GLAD) (the &#147;Company&#148;) today announced that it plans to make a public
offering of notes due 2024 (the &#147;Notes&#148;). The Company expects to list the Notes on the Nasdaq Global Select Market under the trading symbol &#147;GLADL&#148; within 30 days of issuance. Janney Montgomery Scott, Ladenburg
Thalmann&nbsp;&amp; Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE American: LTS), and B. Riley FBR are acting as joint book-running managers for this offering. William Blair and Wedbush Securities are acting as <FONT
STYLE="white-space:nowrap">co-managers</FONT> for this 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 to repay a portion of the
amount outstanding under its credit facility, to fund new investment opportunities, and for other general corporate purposes. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Investors are advised to
carefully consider the investment objectives, risks and charges and expenses of the Company before investing. The preliminary prospectus supplement, dated October&nbsp;7, 2019, and the accompanying prospectus, dated February&nbsp;5, 2019, which have
been filed with the U.S. Securities and Exchange Commission (the &#147;SEC&#148;), contain this and other information about the Company and should be read carefully before investing. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The offering is being conducted as a public offering under the Company&#146;s effective shelf registration filed with the SEC (File No.&nbsp;333&#150;228720).
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>To obtain a copy of the preliminary prospectus supplement for this offering and the accompanying prospectus, please contact: Janney Montgomery Scott
LLC, 1717 Arch Street, Philadelphia, PA 19103 by writing to prospectus@janney.com or calling <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">215-665-4450.</FONT></FONT> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>The information in the preliminary prospectus supplement, the accompanying prospectus and this press release is not complete and may change.</B> 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 Notes and </P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
the anticipated use of the net proceeds by the Company for the repayment of a portion of the outstanding indebtedness under its revolving credit facility. No assurance can be given that the
transaction discussed above will be completed on the terms described, or at all. Completion of the offering on the terms described are 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;<I>Forward-Looking Statements</I>&#148; and &#147;<I>Risk Factors</I>&#148; and other similar headings 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">703-287-5898.</FONT></FONT> </P>
</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>g770706g1007091041544.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g770706g1007091041544.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1"  H 6\# 2(  A$! Q$!_\0
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M@\5W,\>K3"-WD@CR@WJN1@?[5=Q$NN>$M1O=3UK7)]1T*WTV29VE1%*RJP(
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M !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444
M%%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4
&444 ?__9

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
