Gladstone Capital Corporation

Gladstone Capital Corporation is a business development company (BDC) that provides debt and equity financing to lower middle market companies in the United States. Its investment strategy includes senior term loans, revolving loans, secured first and second lien term loans, senior subordinated loans, unitranche loans, junior subordinated loans, and mezzanine loans. It also makes equity investments in common stock, preferred stock, limited liability company interests, or warrants. The company targets businesses with enterprise values between $20 million and $150 million and EBITDA between $3 million and $25 million, focusing on growth capital, add-on acquisitions, change of control transactions, buy & build strategies, and debt refinancing. It is industry agnostic but has a preference for sectors such as business services, light and specialty manufacturing, niche industrial products, healthcare, education, and aerospace and defense.

Gladstone Capital Corporation is listed on the Nasdaq Global Select Market (NasdaqGS) under the ticker symbol GLAD. Its securities are traded in US dollars (USD). The company is headquartered in the United States and its primary operations are based there, focusing on investments in US-based small and medium-sized companies.

Gladstone Capital Corporation operates in the Financial Services sector and is classified under the Asset Management industry. As a business development company, it functions similarly to a closed-end investment fund, providing capital to lower middle market companies. Its asset management activities involve selecting and managing a diversified portfolio of debt and equity investments, aiming to generate returns through interest income, dividends, and capital appreciation.

Gladstone Capital Corporation primarily serves the United States market. It targets small and medium-sized companies located across the country, with a focus on the lower middle market segment. The company is industry agnostic but seeks opportunities in various sectors including business services, light and specialty manufacturing, niche industrial products and services, specialty consumer products, energy services, transportation and logistics, healthcare and education services, specialty chemicals, media and communications, and aerospace and defense. Its investments typically range from $8 million to $40 million in debt and equity.

Gladstone Capital Corporation generates revenue primarily through interest income from its debt investments and dividends or capital gains from its equity investments. As a business development company, it provides various types of loans including senior term loans, revolving loans, secured first and second lien term loans, senior subordinated loans, unitranche loans, junior subordinated loans, and mezzanine loans. It also earns returns from equity investments in common stock, preferred stock, limited liability company interests, or warrants. The company typically invests in companies with sales between $20 million and $150 million and EBITDA between $3 million and $25 million, and it may exit investments through strategic acquisitions, IPOs, or other capital market transactions.