GLADSTONE CAPITAL CORP

Gladstone Capital Corporation is a business development company that provides debt and equity financing to lower middle market companies in the United States. The firm specializes in structured credit products across a range of instruments, including senior term loans, revolving facilities, secured first and second lien debt, unitranche loans, subordinated debt, and mezzanine financing. Alongside its lending activities, the company makes minority equity investments through common stock, preferred equity, LLC interests, and warrants, typically in conjunction with debt investments or as standalone positions.

The company targets small to mid-sized enterprises with annual revenues between $20 million and $150 million and EBITDA ranging from $3 million to $25 million. Typical debt investment sizes range from $8 million to $40 million. Gladstone maintains an industry-agnostic investment approach, with particular focus areas including business services, specialty manufacturing, niche industrial products, specialty consumer goods, energy services, transportation and logistics, healthcare and education services, specialty chemicals, media and communications, and aerospace and defense. The company's exit strategy typically involves strategic sales to industry participants or financial buyers, initial public offerings, or secondary market transactions. Gladstone Capital is organized as a Maryland corporation and headquartered in McLean, Virginia.