B. Riley Securities served as bookrunner for Gladstone Investment Corporation’s $100,000,000 public offering of senior unsecured notes. The notes are expected to list on the Nasdaq Global Market under the symbol “GAING.”
Gladstone is a publicly traded business development company that seeks to make secured debt and equity investments in lower middle market businesses in the United States in connection with acquisitions, changes in control and recapitalizations.
Net proceeds from the offering will be used to repay a portion of Gladstone’s outstanding balance under its credit facility, fund new investment opportunities, and for general corporate purposes.
B. Riley Securities deal team was led by Mike Cavanagh and Brian Taylor and included Alex Shaffer.