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Gladstone Capital Originates, Closes $50MM in Middle Market Originations in Current Quarter

Date: Dec 20, 2018 @ 08:10 AM
Filed Under: Industry News

Gladstone Capital Corporation, a business development company, announced that it originated and closed approximately $50 million in new lower middle-market investments to date during the three months ending December 31, 2018.  Approximately 78% of the new middle-market investment commitments were senior secured first lien loans, 13% were senior secured second lien loans and approximately 9% were equity securities. Total investments inclusive of debt repayments, add-ons to existing investments and net fundings on revolvers, are estimated to have increased by approximately 11%, or $45 million, at cost, to date during the three months ending December 31, 2018.

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.

 

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