Gladstone Capital Corporation

06/27/2024 | Press release | Distributed by Public on 06/27/2024 15:05

Material Agreement Form 8 K

Item 1.01

Entry into a Material Definitive Agreement.

On June 27, 2024, Gladstone Capital Corporation (the "Company"), through its wholly-owned subsidiary Gladstone Business Loan, LLC, entered into Amendment No. 7 (the "Amendment") to its Sixth Amended and Restated Credit Agreement with KeyBank National Association ("KeyBank"), as administrative agent, lead arranger and lender, Gladstone Management Corporation, the Company's Adviser, as servicer, and certain other lenders party thereto (together with the Amendment, the "Credit Facility").

Under the terms of the Amendment, the Credit Facility was amended to add First-Citizens Bank & Trust Company as a new managing agent and increase the Credit Facility by $25,000,000.

The Credit Facility continues to include customary terms, covenants, events of default and constraints on borrowing availability based on collateral tests for a credit facility of its size and nature.

KeyBank and the other lenders under the Credit Facility, and their respective affiliates, may from time to time receive customary fees and expenses in the performance of investment banking, financial advisory or other services for the Company. The foregoing summary of the Credit Facility is not complete and is qualified in its entirety by reference to the Credit Facility, which is filed as Exhibit 10.1 to this Current Report on Form 8-Kand incorporated by reference into this Item 1.01.