NasdaqGS:GLADCapital Markets
Will Gladstone Capital's (GLAD) Debt Restructuring Unlock Greater Financial Flexibility for Investors?
Gladstone Capital Corporation recently announced the completion of an upsized public offering, issuing US$130 million of 5.875% convertible notes due 2030, an increase from their prior US$110 million plan, with proceeds earmarked primarily for debt repayment and general corporate purposes.
The transaction enables the company to potentially redeem earlier maturing notes and manage its balance sheet through financial flexibility associated with the convertible feature and revised maturity...