Gladstone Capital Announces Major Debt Repayment and Special Dividend

Gladstone Capital has unveiled a dual-pronged initiative this week that significantly strengthens its capital position while directly rewarding shareholders. The business development company (BDC) confirmed plans to fully redeem $207 million in outstanding notes and declared a special cash distribution for its common stockholders.

The company’s board approved a special dividend of $0.10 per share, payable on September 29 to shareholders of record as of September 23. This decision, authorized on September 13, represents an extra distribution beyond Gladstone Capital’s regular monthly dividend payments.

Simultaneously, management announced the complete repayment of two debt issues. The company will redeem $150 million of its 5.125% notes due 2026 on October 31, 2025, and $57 million of its 7.75% notes due 2028 on October 15, 2025. Both redemptions will be made at 100% of principal... Read more...