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MCLEAN, VA / ACCESSWIRE / August 11, 2021 / Gladstone Investment Corporation (NASDAQ:GAIN) (the "Company") today announced that it plans to make a public offering of Notes due 2028 (the "Notes"). The Company expects to list the Notes on the Nasdaq Global Select Market under the trading symbol "GAINO" within 30 days of issuance. Oppenheimer & Co. Inc., Goldman Sachs & Co. LLC, B. Riley Securities, Inc. and Ladenburg Thalmann & Co. Inc. are acting as joint book-running managers for this offering. Wedbush Securities Inc. is acting as a co-manager for this offering.
The Company intends to use the net proceeds from this offering to redeem all of its outstanding 6.375% Series E Cumulative Term Preferred Stock due 2025, to repay a portion of the amount outstanding under its revolving credit facility, to fund new investment opportunities, and for other general corporate purposes.
The Company intends to use the net proceeds from this offering to redeem all of its outstanding 6.375% Series E Cumulative Term Preferred Stock due 2025, to repay a portion of the amount outstanding under its revolving credit facility, to fund new investment opportunities, and for other general corporate purposes.