B. Riley Securities served as sole bookrunner to Gladstone Investment Corporation in the closing of its $60 million principal amount of 6.875% unsecured notes due 2028.   
  
Gladstone is a private equity fund that acquires mature, lower middle market companies with strong fundamentals and management teams. Founded in 2005, it operates as a publicly traded business development company, offering flexible equity and debt financing to accelerate deal certainty while delivering monthly dividends and long-term growth potential to shareholders. 
 
The Company plans to allocate the proceeds from this offering toward repaying a portion of its outstanding balance under the revolving credit facility, pursuing new investment opportunities, and supporting other general corporate purposes. 
  
Our deal team was led by Mike Cavanagh, Brian Taylor and Alex Shaffer.