<SEC-DOCUMENT>0001193125-23-209180.txt : 20230810
<SEC-HEADER>0001193125-23-209180.hdr.sgml : 20230810
<ACCEPTANCE-DATETIME>20230810171249
ACCESSION NUMBER:		0001193125-23-209180
CONFORMED SUBMISSION TYPE:	497AD
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20230810
DATE AS OF CHANGE:		20230810

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:	333-261398
		FILM NUMBER:		231160634

	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>d654498d497ad.htm
<DESCRIPTION>GLADSTONE CAPITAL CORPORATION
<TEXT>
<HTML><HEAD>
<TITLE>Gladstone Capital Corporation</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;333-261398</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="g654498g0811021336564.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">August&nbsp;10, 2023 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Gladstone Capital Corporation Prices Public Offering of 7.75% Notes due 2028 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">McLean, VA, August&nbsp;10, 2023: <U>Gladstone Capital Corporation</U> (Nasdaq: GLAD) (the &#147;Company&#148;) today announced that it priced a public
offering of $50.0&nbsp;million aggregate principal amount of 7.75% Notes due 2028 (the &#147;Notes&#148;) on August&nbsp;10, 2023. The Notes will mature on September&nbsp;1, 2028 and may be redeemed in whole or in part at any time or from time to
time at the Company&#146;s option on or after September&nbsp;1, 2025. The Notes will bear interest at a rate of 7.75% per year payable quarterly on March&nbsp;1, June&nbsp;1, September&nbsp;1 and December&nbsp;1 of each year, beginning
December&nbsp;1, 2023. The Company also granted the underwriters a <FONT STYLE="white-space:nowrap">30-day</FONT> option to purchase up to an additional $7.5&nbsp;million in aggregate principal amount of Notes to cover overallotments, if any. The
Company expects to list the Notes on the Nasdaq Global Select Market under the trading symbol &#147;GLADZ&#148; within 30 days of issuance. Piper Sandler&nbsp;&amp; Co., Oppenheimer&nbsp;&amp; Co. Inc., B. Riley Securities, Inc., Janney Montgomery
Scott LLC and Ladenburg Thalmann&nbsp;&amp; Co. Inc. are acting as joint book-running managers 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 August&nbsp;17, 2023. </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 revolving 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 preliminary
prospectus supplement, dated August&nbsp;10, 2023, and the accompanying prospectus, dated December&nbsp;22, 2021, which have been filed with the U.S. Securities and Exchange Commission (the &#147;SEC&#148;), and the final prospectus supplement,
which will be filed with the SEC, 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;261398). </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 or the final prospectus supplement for this offering and the accompanying prospectus, please contact Piper Sandler&nbsp;&amp; Co. by email at
<FONT STYLE="white-space:nowrap">fsg-dcm@psc.com.</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>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<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 for the repayment of a portion of the outstanding indebtedness under its revolving credit facility, to fund new
investment opportunities, and for other general corporate purposes. 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; 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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