Key Developments For Gladstone Capital Corporation
Gladstone Capital Corporation (GLAD.O) (Nasdaq)
Gladstone Capital Corporation Announces Monthly Cash Distribution For July, August And September
Gladstone Capital Corporation announced that the Board of Directors declared monthly cash distributions of $0.07 per common share for each of the months of July, August and September of 2009.
Gladstone Capital Corporation Announces Amended Credit Facility
Gladstone Capital Corporation announced that through its wholly owned subsidiary, Gladstone Business Loan, LLC, it entered into a third amended and restated credit agreement providing for a $127 million revolving line of credit arranged by Key Equipment Finance Inc. as administrative agent, replacing Deutsche Bank, A.G. as administrative agent (the KEF Facility). Branch Banking and Trust Company (BB&T) also joined the KEF Facility as a committed lender. In connection with entering into the KEF Facility, the Company drew down borrowings of $104.3 million under the KEF Facility, which were used to make a final payment to Deutsche Bank, A.G. in satisfaction of all unpaid principal and interest owing to Deutsche Bank under the prior credit agreement. Subject to certain terms and conditions, the KEF Facility may be expanded up to $200 million through the addition of other committed lenders to the facility. Without the addition of other committed lenders, the KEF Facility provides a total commitment of $127 million through December 31, 2009, $102 million from January 1, 2010 to May 11, 2010, and $77 million thereafter. The KEF Facility matures on May 14, 2010, and if the facility is not renewed or extended by this date, all principal and interest will be due and payable on the scheduled maturity date of May 14, 2011.
Gladstone Capital Corporation Announces Monthly Distribution for April
Gladstone Capital Corporation announced that the Board of Directors declared monthly distribution for the month of April 2009 payable $0.07 per share in cash.
Gladstone Capital Corporation Appoints Gresford Gray As Chief Financial Officer
Gladstone Capital Corporation announced that Gresford Gray is appointed by the Board of Directors of the the Company as the Company's Chief Financial Officer effective April 8, 2008. Mr. Gray was appointed to serve as Chief Financial Officer until the appointment of his successor.
Gladstone Capital Corporation Announces Monthly Dividends For April, May And June Of $0.14 Per Common Share
Gladstone Capital Corporation announced that the Board of Directors declared monthly dividends of $0.14 per common share for each of the months of April, May and June of 2008. The dividends equate to a quarterly dividend of $0.42 and an annual dividend of $1.68 at the current rate.
