Janney Montgomery, Ladenburg Thalmann and Wunderlich are bookrunners
By Devika Patel
Knoxville, Tenn., Oct. 27 – Gladstone Capital Corp. said it priced a $17.1 million public offering of stock with a $2.57 million greenshoe. The deal was announced Monday.
The company will sell 2 million common shares at $8.55 per share. The price per share is a 3.72% discount to the Oct. 26 closing share price of $8.88.
Janney Montgomery Scott LLC, Ladenburg Thalmann & Co. Inc. and Wunderlich Securities, Inc. are the bookrunners.
Settlement is expected Oct. 30.
Proceeds will be used to repay debt and for other general corporate purposes.
Gladstone Capital is a McLean, Va.-based business development company.
| Issuer: | Gladstone Capital Corp.
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| Issue: | Common stock
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| Amount: | $17.1 million
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| Greenshoe: | $2,565,000, or 300,000 shares
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| Shares: | 2 million
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| Price: | $8.55
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| Warrants: | No
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| Bookrunners: | Janney Montgomery Scott LLC, Ladenburg Thalmann & Co. Inc. and Wunderlich Securities, Inc.
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| Co-managers: | Maxim Group LLC, J.J.B. Hilliard, W.L. Lyons, LLC and National Securities Corp.
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| Announcement date: | Oct. 26
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| Pricing date: | Oct. 27
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| Settlement date: | Oct. 30
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| Stock symbol: | Nasdaq: GLAD
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| Stock price: | $8.88 at close Oct. 26
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| Market capitalization: | $178.08 million
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