<SEC-DOCUMENT>0001193125-20-312546.txt : 20201208
<SEC-HEADER>0001193125-20-312546.hdr.sgml : 20201208
<ACCEPTANCE-DATETIME>20201208134528
ACCESSION NUMBER:		0001193125-20-312546
CONFORMED SUBMISSION TYPE:	497AD
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20201208
DATE AS OF CHANGE:		20201208

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:		201374984

	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"><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" ALIGN="center">


<IMG SRC="g64133g40t17.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">December 8, 2020 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Gladstone Capital Corporation Prices Offering of 5.125% Notes due 2026 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">McLean, VA, December 8, 2020: <U>Gladstone Capital Corporation</U> (Nasdaq: GLAD) (the &#147;Company&#148;) today announced that it priced a public offering
of $100&nbsp;million aggregate principal amount of 5.125% Notes due 2026 (the &#147;Notes&#148;) on December 8, 2020. The Notes will mature on January&nbsp;31, 2026, and may be redeemed in whole or in part at any time or from time to time at the
Company&#146;s option at par plus a &#147;make-whole&#148; premium, if applicable. The Notes will bear interest at a rate of 5.125% per year payable semi-annually on January&nbsp;31 and July&nbsp;31 of each year, beginning July&nbsp;31, 2021.
Raymond James&nbsp;&amp; Associates, Inc. is acting as sole book-running manager for this offering. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The closing of the transaction is subject to
customary closing conditions and the Notes are expected to be delivered on or about December 15, 2020. </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 redeem all or a portion of its outstanding 6.125% Notes due 2023, 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, charges and expenses of the Company before investing. The prospectus
supplement, dated December&nbsp;8, 2020, and the accompanying prospectus, dated February&nbsp;5, 2019, which will be 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 prospectus supplement for this offering and the accompanying
prospectus, please contact: Raymond James&nbsp;&amp; Associates, Inc., 800 Carillon Parkway, St. Petersburg, Florida 33716, email: prospectus@raymondjames.com or by calling
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">800-248-8863.</FONT></FONT> </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 Notes and </P>
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the anticipated use of the net proceeds by the Company. 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, and the application of net proceeds, 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>
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