<SEC-DOCUMENT>0001193125-21-071580.txt : 20210305
<SEC-HEADER>0001193125-21-071580.hdr.sgml : 20210305
<ACCEPTANCE-DATETIME>20210305164851
ACCESSION NUMBER:		0001193125-21-071580
CONFORMED SUBMISSION TYPE:	497AD
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20210305
DATE AS OF CHANGE:		20210305

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:		21719145

	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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<TEXT>
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<TITLE>497AD</TITLE>
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<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" ALIGN="center">


<IMG SRC="g149380g60u38.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">March&nbsp;5, 2021 </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 Additional $50&nbsp;million of 5.125% Notes due 2026 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>with a <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">Yield-to-Maturity</FONT></FONT> of Approximately 4.288</B>%<B> </B>
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">McLean, VA, March&nbsp;5, 2021: <U>Gladstone Capital Corporation</U> (Nasdaq: GLAD) (the &#147;Company&#148;) today announced that it priced a public
offering of an additional $50&nbsp;million in aggregate principal amount of 5.125% notes due 2026 (the &#147;Notes&#148;). The Notes will be issued at a price of 103.639% of the aggregate principal amount of the Notes, resulting in a <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">yield-to-maturity</FONT></FONT> of approximately 4.288%. 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">Purchasers will be required to pay accrued and unpaid interest on the Notes from December&nbsp;15, 2020 up to, but not including, the date of delivery of the
Notes. On July&nbsp;31, 2021, the Company will pay this <FONT STYLE="white-space:nowrap">pre-issuance</FONT> accrued interest on the Notes to the holders of the Notes as of the applicable record date, along with interest accrued on the Notes from
the date of delivery to such interest payment date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Notes will constitute a further issuance of, have the same terms as, rank equally in right of
payment with, and be fungible and form a single series with the $100&nbsp;million in aggregate principal amount of the 5.125% notes due 2026 that the Company initially issued on December&nbsp;15, 2020. Upon the issuance of the Notes, the outstanding
aggregate principal amount of the Company&#146;s 5.125% notes due 2026 will be $150&nbsp;million. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">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. 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 closing of the transaction is subject to customary closing conditions and the Notes are expected to be delivered on or about March&nbsp;10, 2021. </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:18pt; 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 March&nbsp;5, 2021, 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:6pt; 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:18pt; 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., 880 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:6pt; 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>
</DIV></Center>


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<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"><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 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>
</P>
</DIV></Center>

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