Mickey Schleien

Robert Dodd

Eric Zwick

Justin Marca

Sean-Paul Adams

- Gladstone Capital Corporation announced the issuance and sale of **$130,000,000** aggregate principal amount of **5.875% convertible notes due 2030**.  **[1143513_0001193125-25-202244_d940631dex11.htm:1]** **[1143513_0001193125-25-202244_d940631d8k.htm:2]** 
- The notes have an initial conversion rate of **38.4394 shares** of common stock per $1,000 principal amount, equivalent to an initial conversion price of approximately **$26.02 per share**.  **[1143513_0001193125-25-202244_d940631d8k.htm:2]** **[1143513_0001193125-25-202244_d940631dex11.htm:42]** 
- The company estimates net proceeds from the offering to be approximately **$142.3 million**, which it intends to use to repay a portion of its credit facility indebtedness and for general corporate purposes, including potentially redeeming outstanding 2026 and 2028 Notes.  **[1143513_0001193125-25-202244_d940631d8k.htm:4]** 
- The notes will pay interest semi-annually starting **April 1, 2026**, and are not redeemable by the company prior to **October 6, 2028**.  **[1143513_0001193125-25-202244_d940631d8k.htm:2]** **[1143513_0001193125-25-202244_d940631dex11.htm:42]**

GLADSTONE CAPITAL (GLAD)