Gladstone Capital Corporation Announces Exercise and Closing of Over-Allotment Option in Common Stock Offering
MCLEAN, Va., Nov. 5, 2015 (GLOBE NEWSWIRE) -- Gladstone Capital Corporation (NASDAQ:GLAD) (the "Company") today announced that in connection with the offering of its common stock, par value $0.001 per share (the "Common Stock"), completed on October 30, 2015, the underwriters of the offering fully exercised and closed on their over-allotment option to purchase an additional 300,000 shares of Common Stock from the Company. The Company received approximately $2.4 million in additional net proceeds from the sale of these shares, after deducting the underwriting discount. Janney Montgomery Scott LLC, Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE MKT:LTS), and Wunderlich Securities, Inc. served as joint book-running managers for the offering and Maxim Group LLC, J.J.B. Hilliard, W.L. Lyons, LLC and National Securities Corporation, a subsidiary of National Holdings, Inc. (NASDAQ:NHLD), served as co-managers.
The Company intends to use the net proceeds from the sale of these additional shares to repay existing indebtedness and for other general corporate purposes.
The offering was conducted as a public offering under the Company's effective shelf registration statement filed with the Securities and Exchange Commission (File No. 333-185191). To obtain a copy of the prospectus and the final prospectus supplement for this offering, please contact: Janney Montgomery Scott LLC, 60 State Street, Boston, MA 02109, Attention: Equity Capital Markets Group or prospectus@janney.com.
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.
About Gladstone Capital Corporation: Gladstone Capital Corporation is a publicly traded business development company that that invests in debt and equity securities consisting primarily of secured first and second lien term loans in small and medium sized businesses in the United States. Information on the business activities of all the Gladstone funds can be found at www.gladstonecompanies.com.
Contact: For further information contact Investor Relations at (703) 287-5893
Released November 5, 2015